Summary

Lava.xyz, the Bitcoin-native lending platform, has successfully raised a $10 million Series A round led by Founders Fund and Khosla Ventures, with support from prominent investors like Keith Rabois, Vinod Khosla, Joey Krug, Jon Chu, and Peter Thiel. This milestone validates Lava’s mission to build a transparent, technically robust financial system for Bitcoiners—one that prioritizes self-custody, on-chain transparency, and user empowerment. As quoted by Keith Rabois in Fortune, Lava represents “a very specific opportunity and a specific entrepreneur,” signaling a new era for Bitcoin-backed lending after past industry missteps. CEO Shehzan Maredia emphasizes that this funding is just the beginning, aiming to create the financial infrastructure for the Bitcoin standard. Lava’s approach is rooted in Bitcoin ideals—don’t get rugged, stay sovereign, and HODL with confidence.

Who led Lava’s Series A funding round? * Lava’s $10M Series A was led by Founders Fund and Khosla Ventures, with participation from Keith Rabois, Vinod Khosla, Joey Krug, Jon Chu, and Peter Thiel.
What makes Lava different from other crypto lenders? * Lava centers transparency and technical integrity, offering Bitcoin-native, self-custodial lending solutions that avoid the pitfalls of previous cycles.
What did Keith Rabois say about Lava? * “This is a very specific opportunity and a specific entrepreneur,” highlighting Lava’s unique approach and leadership (as cited in Fortune).
Who is the CEO of Lava? * Shehzan Maredia is the CEO and founder, driving the vision for a Bitcoin-standard financial infrastructure.
Where can I read more about Lava’s recent funding and mission? * Check out the Fortune article for a deep dive into Lava’s momentum and ethos.

As Lava builds toward a Bitcoin-powered financial future, now’s the time to join the movement—learn more, sign up, or follow their journey at lava.xyz.

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Announcements

Dec 9, 2024

We’ve Raised Our $10M Series A from Founders Fund and Khosla Ventures

Shehzan Maredia

We’re excited to share that Lava has closed a $10 million Series A led by Founders Fund and Khosla Ventures, with participation from some of the most respected investors in tech and crypto: Keith Rabois, Vinod Khosla, Joey Krug, Jon Chu, and Peter Thiel.

This is more than just a financing milestone. It is a validation of the product and the team behind it.

"This is a very specific opportunity and a specific entrepreneur," Keith Rabois told Fortune, referring to Lava. At a time when much of the crypto lending landscape is still recovering from the mistakes of the last cycle, Lava is showing a better way forward—one that puts transparency and technical integrity at the center. We’re not just another lender. We’re proving that it’s possible to build an anti-fragile, Bitcoin-native financial system that serves real users and real needs. The coverage in Fortune this week captured a lot of this momentum. If you haven’t read it yet, you can read the article here.

Thank you to every one of you who helped get us to this point. Series A is just the beginning. Let’s go build the financial infrastructure for the Bitcoin standard.