COMPANY PROFILE

Lit Protocol

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Decentralized access control infrastructure designed to bring more utility to the web

San Francisco, United StatesFounded 2021Fintech

Valuation $0–100M Latest valuation · 2022

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Lit Protocol

LitProtocol is a startup operating in the digital security and encryption market. It provides a key management network for decentralized signing and encryption, which allows developers to build applications and digital wallets that use secrets without a single point of failure. This means that the keys managed on Lit are distributed and fault-tolerant, eliminating the risk of a centralized authority withholding access.

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The company's primary clients are app developers who want to create digital ownership experiences with enhanced privacy, flexibility, and control. LitProtocol's technology streamlines user experience with distributed wallets and enables a range of authorized actions, such as signing and decryption, without repeated authentication.

The business model of LitProtocol revolves around providing ready-made integrations with ethers.js and WalletConnect, which help developers quickly build signing and dapp interactions. It also offers serverless signing automations and the ability to store private data on the open web with flexible access control.

LitProtocol makes money by providing these services to app developers and businesses. It also offers advanced functionality to apps without the burden of scaling key infrastructure.

The Lit Network, currently in developer preview, is a network of 30+ nodes using advanced cryptography, robust hardware, and peer-to-peer networking to securely generate and manage keys. The keys managed on Lit can read and fetch off-chain data, eliminating the need for a trusted third-party oracle.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2021
Headquarters: San Francisco, United States
Employees: 7
Open positions: None listed
Dealroom signal: 59.5/100
Industry: Fintech
Sub-industry: Crypto and DeFi
Sector: Fintech, Ethereum Ecosystem, Hard Tech, DT and LS
Technology: Blockchain, Deep Tech
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn X

Latest news

Press, funding announcements and product moves mentioning Lit Protocol.

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES A✓Equity / VC	Sep 2022	$13M	$52M	Filecoin · Eniac Ventures · Slow Ventures · Noah Jessop	↗
SEED✓Equity / VC	Jan 2022	$2.2M	$8.8M	gumi Cryptos Capital · Tribe Capital · LongHash Ventures · Lattice Capital	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022		—

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Growth signals

Lit Protocol website traffic

Latest recorded traffic for Lit Protocol is 3.3K monthly website visits, down 32.7% over the last three months. Lit Protocol's team declined 50% over the past year.

Latest monthly visits3.3K 3-month web change-32.7% 1-year team growth-50%

Monthly website visitsJan 2022–Jul 2026

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