Compound Labs
San Francisco, US · Founded 2017 · Delaware corporation · 8 known investors
San Francisco open-source software developer building DeFi tools and the Compound Protocol for crypto lending and borrowing.
Also known as Compound · Compound Labs, Inc.
Founders & leadership
Compound Labs was founded in 2017 by Robert Leshner and Geoffrey Hayes.
Investors · 8
Reported raises · per SEC filings
Form D private placements$41.8M disclosed across 3 of 4 rounds · 2017–2025
▶$33.1MraisedSep 2019 · 26 investors · Other TechnologyRule 506(b)
- Robert LeshnerExecutive Officer, Director, Promoter
- Geoffrey HayesDirector, Promoter
- Offering amount
- $33.6M
- Amount sold
- $33.1M
- First sale
- Aug 2019
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$8.2MraisedMay 2018 · 20 investors · Other TechnologyRule 506(b)
- Robert LeshnerExecutive Officer, Director
- Geoffrey HayesDirector
- Offering amount
- $8.2M
- Amount sold
- $8.2M
- First sale
- Mar 2018
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$502.3KraisedMay 2018 · 12 investors · Other TechnologyRule 506(b)
- Robert LeshnerExecutive Officer, Director
- Geoffrey HayesDirector
- Offering amount
- $502.3K
- Amount sold
- $502.3K
- First sale
- Oct 2017
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Compound Labs is an open-source software development company headquartered in San Francisco, California, serving the decentralized finance (DeFi) ecosystem. It builds tools, products and services for DeFi projects and developers, and is described as a blockchain platform that helps clients monetize and borrow crypto tokens for financial applications and manage digital assets. Its founder, Robert Leshner, is credited as the creator of the Compound Protocol, characterized as one of the earliest DeFi platforms.
The company is classified under NAICS code 5112 (Software Publishers) and in the Software Development industry. Third-party data lists a website of compoundlabs.xyz, email domains at compound.finance, and a staff of roughly 12 employees (an 11-50 band) spread across three continents: North America, Asia and Oceania. Named engineering leadership roles reported by that source include a Head of Engineering and a Director of Engineering, identified only by initials.
Founding story
Robert Leshner is identified as the founder of Compound Labs and the creator of the Compound Protocol.
Business model
The company develops open-source software, tools and services for DeFi projects and developers, and operates a blockchain platform through which clients can lend out (monetize) and borrow crypto tokens.
Not stated in the sources; one third-party aggregator estimates annual revenue in the $10M-$25M range without describing how revenue is generated.
Traction
A third-party aggregator reports approximately 12 employees, estimated revenue of $10M-$25M, and cumulative funding of $71M over five rounds as of July 2026; these figures are vendor estimates and are not corroborated elsewhere in the sources.
Latest developments
In January 2024 the company introduced Proposal 119 to revert to the prior price feed after a price feed fault. A third-party profile records a most recent funding event dated 2025-03-09 of approximately $95,000, categorized as an undisclosed round type.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as an open-source developer in the decentralized finance sector; its founder is described as the creator of one of the earliest and most influential DeFi platforms. A third-party profile lists Synthetix, Sky Ecosystem, Balancer, Bancor and Kyber Network among similar companies.
Sources point to its open-source approach and its association with the Compound Protocol, described as among the earliest DeFi lending platforms, as distinguishing characteristics.
Technology
Blockchain-based software built around Ethereum, together with a cloud/web stack that a third-party profile lists as Ramp, Cloudflare, Cloudflare Web Optimizations, Cloudflare DNS, Open Graph, HTTP/3 and X-Content-Type-Options headers. Protocol changes are made through on-chain governance proposals, such as Proposal 119, which reverted the system to a prior price feed after a fault.
Go-to-market
Not described in the sources beyond its open-source distribution of software to DeFi developers and projects and ecosystem collaborations with other protocols.
DeFi projects, protocols and developers, plus clients seeking to lend, borrow and manage crypto token holdings.
Geography
Headquartered in San Francisco, California, United States, with employees reported across three continents (North America, Asia and Oceania).
History
Sources give conflicting founding years: one aggregator lists 2017, while an accelerator/community listing dates the company to 2018. Documented activity includes a 2022 security collaboration with Rari following an intrusion and a January 2024 governance action, Proposal 119, to revert to a prior price feed.
Risks & controversies
Reported incidents include a faulted price feed that required a governance proposal to revert, and a 2022 intrusion at Rari that Compound engineers helped analyze and neutralize. Available data is largely from third-party aggregators, and figures such as funding totals, revenue and founding year are inconsistent across sources.
Compiled by commissioned research from 3 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsGovernance action created to address a faulted price feed by reverting to the previously used price feed.
Rari's internal and external security engineers collaborated with DeFi service provider Compound Treasury to further analyze and neutralize an intrusion.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 3
primary sources listed
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Compound Labs do?
- San Francisco open-source software developer building DeFi tools and the Compound Protocol for crypto lending and borrowing.
- Who founded Compound Labs?
- Compound Labs was founded by Robert Leshner, Geoffrey Hayes in 2017.
- Who are Compound Labs's investors?
- Compound Labs's investors include Dragonfly, Metastable, Andreessen Horowitz, Bain Capital Ventures, Danhua Capital, Paradigm, Polychain Capital, Transmedia Capital.
- How much funding has Compound Labs raised?
- Compound Labs has disclosed $41.8M raised across 3 of its 4 known rounds.
- Where is Compound Labs headquartered?
- Compound Labs is headquartered in San Francisco, US.