Lightspark - Series A
Overview
Funding Date
May 12, 2022
Financing amount
$173M
Valuation
$1B
Category
Subcategory
About Lightspark - Series A
Lightspark raised about $173 million at a valuation of almost $1 billion. Lightspark's platform overhauls the process by which market participants connect to Lightning, which requires users to establish peer-to-peer payment channels off-chain. The firm emerged from stealth in May when it announced a fundraise with backing from a16z Crypto, Paradigm, Coatue and Matrix Partners.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2009 | 149 | businessplans@a16z.com | ||
| Fund | United States of America | 2018 | 89 | info@paradigm.xyz | ||
| Fund | United States of America | 2009 | 7 | -- | ||
| Fund | United States of America | 1999 | 18 | media@coatue.com | ||
| Fund | United Kingdom | 2015 | 3 | info@felixcap.com | ||
| Fund | United States of America | 2012 | 36 | info@ribbitcap.com | ||
| Fund | United States of America | 1977 | 21 | -- | ||
| Fund | United States of America | 2007 | 1 | -- |
Founders & Team
David Marcus
Company Profile / Project Introduction
Lightspark builds infrastructure for the Lightning Network to deliver open payments for the Internet at scale. Lightspark tools and services aim to be the fastest, easiest and most reliable way to send and receive payments globally, with exceptionally low fees, using the Lightning. The Lightning Network is a payment protocol built on Bitcoin - the original and most decentralized, secure, and robust blockchain. Lightning will be the protocol for payments on the Internet. An open, low cost, interoperable payment network that settles in real time, enabling money to move just like bits and bytes do on the Internet.