Euler Labs secures £1.4m in Series A funding for DeFi protocol development

Building a decentralized finance protocol for non-custodial lending and borrowing has led London-based Euler Labs Ltd to secure an estimated £1.4m Series A funding round. The company develops the Euler protocol, a platform that provides permissionless listing and reactive interest rates for advanced crypto users, liquidity providers, and developers.

This latest capital injection (allotted in April 2026) follows a larger £5.6m Series A round completed in June 2021. The company also raised £600.1k in December 2020 shortly after its incorporation.

Founded in 2020, Euler Labs focuses on creating an integrated suite of customizable protocols to facilitate high-performance trading across the decentralized finance ecosystem. The platform allows users to earn interest on a wide variety of crypto assets without giving up custody of their funds.

Financial records for the year ended 30 September 2024 show the company had four employees at that time. More recent data from LinkedIn suggests the team has expanded to 17 professionals. The firm operates as a remote, international team specializing in blockchain and Ethereum technology. Euler Labs is headquartered in London and continues to target the software publishing sector within the blockchain industry.