How much has dYdX raised?
dYdX's capital history is best summarized as About $87M disclosed for dYdX Trading, with current status Private company plus decentralized protocol; valuation not publicly current. The notable point is how that capital history maps to operating scale, procurement maturity, and budget priorities.
- Total raised
- About $87M disclosed for dYdX Trading
- Disclosed rounds
- 4 major rounds
- Latest round
- Series C - $65M, Jun 2021
- Latest valuation
- Private company plus decentralized protocol; valuation not publicly current
- First raised
- 2017
- Notable backer
- Andreessen Horowitz
dYdX's funding rounds
dYdX's funding moved from early venture backing to Series C - $65M, Jun 2021.
- 2017Seed - $2M; $10M valuation reported by founder historyAndreessen Horowitz and Polychain led early funding.
- 2018Series A - $10Ma16z/Polychain-backed growth round reported.
- Jan 2021Series B - about $10MCrypto investors backed derivatives expansion.
- Jun 2021Series C - $65M; total $87MParadigm led; valuation not disclosed in company coverage.
How much has dYdX raised in total?
dYdX's disclosed capital view is About $87M disclosed for dYdX Trading. The funding stat refers to dYdX Trading company funding; protocol TVL, token market cap, and treasury are separate.
Who are dYdX's investors?
Andreessen Horowitz is the headline investor signal for this a16z portfolio profile. Other named backers across public rounds include Paradigm, Polychain, Three Arrows Capital, DeFiance, HashKey, Electric Capital, Delphi Digital, and StarkWare.
Why did the valuation move?
The last major company round did not disclose valuation; protocol value now moves with trading volume, token economics, regulation, and DEX market share.
Is dYdX profitable, and will it IPO?
dYdX is not a public company. Protocol revenue and company profitability are different concepts and should not be conflated.
What does dYdX's funding mean if you sell into them?
The strongest vendor opportunities are security, audits, market data, infra reliability, compliance tooling, developer tooling, and institutional connectivity.
As of June 2026.Sources:Blockworks dYdX Series CdYdX Foundation 2025 reporta16z investment list
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