Euler Labs
11 known investors
Euler is a modular lending platform that enables users to create custom lending vaults and allows those vaults to serve as collateral for other vaults through its Ethereum Vault Connector. The platform targets DeFi developers and builders seeking to deploy custom lending protocols and markets.
Also known as Euler · Euler Finance · Euler Labs Ltd
Investors · 11
Also in the syndicate · 3
Company profile
researched Aug 2026Euler Labs is a blockchain research and development company that builds decentralized finance infrastructure, principally the Euler lending protocol. Its public positioning is as a credit layer for programmable finance, letting users lend, borrow and swap on-chain. The protocol is non-custodial and operates on Ethereum, allowing users to lend and borrow crypto assets and to use any supported asset as collateral with configurable risk parameters.
The platform is modular. It comprises the Euler Vault Kit (EVK), which lets anyone create and deploy custom lending vaults, protocols and markets, and the Ethereum Vault Connector (EVC), which allows vaults to be used as collateral for other vaults. A vault-to-vault swap capability is described on the company site as forthcoming. Documented protocol features include permissionless listing, reactive interest rates, MEV-resistant liquidations and multi-collateral stability pools, along with integrations described with Uniswap v3 and 1inch. Governance is community-managed via the EUL token, with forum, Snapshot and Tally venues referenced.
Euler Labs describes itself as a team of developers and quantitative analysts and a major contributor to the EVC and the Euler lending protocol, with a stated mission of building an integrated suite of modular, permissionless protocols. The company publishes developer documentation, GitHub repositories, a lite paper, EVK and EVC white papers, and a MiCA whitepaper."]
Founding story
Coinpedia lists Jack Prior, Michael Bentley and Douglas Hoyte as founders, with the company founded in 2020 and based in London, England, United Kingdom. Michael Bentley is identified as Chief Executive Officer.
Business model
Caplight classifies Euler Labs as B2B with a revenue-share customer profile. The company develops and contributes to permissionless on-chain lending infrastructure that third parties can deploy and build on; the sources do not detail specific fee or pricing mechanics.
Traction
Caplight reports $12.8M total funding raised, an estimated valuation of $375M as of the August 12, 2024 round, and an employee range of 16. Coinpedia states the company has 32 investors. The sources do not provide protocol usage figures such as total value locked or revenue.
Latest developments
A March 18, 2026 market signal reports a partnership with Brahma to develop Swype.fun, described as a credit card product enabling crypto payments without liquidation. The company website advertises token and vault swapping as coming soon and references a MiCA whitepaper.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Caplight lists Euler Labs in the Crypto & Web3 sector across DeFi, blockchain infrastructure, lending and credit, and smart contract verticals, and places it in the top 25% of tracked companies by its momentum index. Comparable companies identified by similarity include Instadapp, Compound Labs and Frax Finance; one source frames Euler as offering an alternative to traditional lending protocols such as Aave.
The stated differentiators are modularity and permissionlessness: any user can create and deploy custom lending vaults within minutes via the EVK, and vaults can be composed as collateral for other vaults via the EVC. Additional cited features are permissionless asset listing, reactive interest rates, MEV-resistant liquidations, multi-collateral stability pools and adjustable per-market risk parameters.
Technology
Ethereum-based, non-custodial smart contract infrastructure. Core components are the Euler Vault Kit (EVK) for creating custom lending vaults and the Ethereum Vault Connector (EVC), which enables vaults to serve as collateral for other vaults. Related keywords in third-party profiles include ERC-4626 vaults, permissionless on-chain lending and liquidity protocols. The company states its contracts are audited and operates a bug bounty program with rewards advertised up to $7,500,000.
Go-to-market
The company markets primarily to DeFi developers and builders, directing them to documentation, GitHub, a Discord community and vault-creation tooling, alongside an end-user application for lending and borrowing. Governance and community participation run through a forum, Snapshot and Tally.
DeFi developers and builders seeking to deploy custom lending vaults, protocols and markets, plus crypto asset holders who want to lend, borrow or earn interest on assets.
Geography
Headquartered in London, England, United Kingdom. Euler Labs describes itself as a fully remote, international team that hires globally and convenes for periodic offsites and conferences.
History
Sources place the company's founding in 2020, with one listing giving a launch date of January 2020 and a London, England headquarters. Caplight records four financing events between December 2020 and August 2024. A 2026-dated market signal notes a partnership with Brahma to develop Swype.fun, a crypto payments product.
Compiled by commissioned research from 5 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.
Competitors · 10
by search overlap
Companies competing with Euler Labs for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 1
launches, deals, and filingsA market signal records that Euler Labs partnered with Brahma to develop Swype.fun, a crypto payments product; the Swype.fun credit card is described as enabling crypto payments without liquidation.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 5
primary sources listed
- Euler Labseuler.finance · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Euler Labs do?
- Euler Labs builds Euler, a modular permissionless DeFi lending protocol with customizable vaults on Ethereum.
- Who are Euler Labs's investors?
- Euler Labs's investors include Coinbase Ventures, Equilibrium Ventures, Haun Ventures, Lemniscap, Paradigm, Tq Ventures Llc, Wintermute, Variant Fund.