Drift Protocol
PrivateLast Round
Early Funding
Apr 16, 2026
Total Funding Raised
$52.3M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Drift Protocol operates in Crypto & Web3 and is based in Sydney. Its latest recorded funding round was a Series B round in September 2024.
Drift Protocol is a fintech company that offers a decentralized and capital-efficient derivatives exchange platform designed to support margin trading with an innovative pegging mechanism for enhanced liquidity management.
Sector
Crypto & Web3
Verticals
DeFi, Crypto Exchanges, Staking Platforms
Business Model
B2C
Customer Profile
Payment Processing Fee, Revenue Share
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Drift Protocol Comparables
Compare Drift Protocol with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Hyperliquid | 87% | |
| Flash.Trade | 86% | |
| Paradex | 85% |
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Drift Protocol Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Early Funding | Apr 16, 2026 | ||||
| Series B | Sep 19, 2024 | ||||
| Series A | May 22, 2023 | ||||
| Seed | Oct 26, 2021 |
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Drift Protocol Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Primitive Ventures | Series B |
| Maelstrom | Series B |
| JST Digital | Seed |
| Multicoin Capital | Seed, Series B |
| Blockchain Capital | Series B |
| Akuna Capital | Seed |
| Alameda Research | Seed |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 1, 2026
Open roles increased to 13, representing 52% of headcount.
- Aug 3, 2026
Open roles increased to 13, representing 52% of headcount.
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Recent news
Latest coverage and updates
- has_issues_withOct 27, 2026
Drift has issues with the biggest DeFi hack of 2026 as attackers take about $285 million from Drift Protocol in Apr '26.
- has_issues_withOct 20, 2026
Drift's $285 million loss comes after a six-month social engineering campaign against multisig signers.
- receives_financingOct 2, 2026
On Apr 18th '26, Drift receives a commitment of up to $128M from Tether to support its relaunch and user recovery as part of a $150M recovery plan following an exploit.
- launchesOct 1, 2026
Drift launched the DFX token to compensate victims for losses from the hack.
- has_valuationSep 5, 2026
On Sep 5th '26, Drift self-reports a $7.77M market capitalization.
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Drift Protocol Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Drift Protocol's valuation, stock price, and market status.
Is Drift Protocol a public or private company?
Drift Protocol is a private company.
What is the current stock price of Drift Protocol?
Drift Protocol is a private company, so its shares have no public market price. Caplight tracks Drift Protocol's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Drift Protocol worth (valuation)?
Valuation information for Drift Protocol is not publicly available.
Can I buy Drift Protocol stock?
Drift Protocol shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Drift Protocol's last funding round?
Drift Protocol's most recent funding round was Early Funding on April 16, 2026.
Who are the main investors in Drift Protocol?
Key investors in Drift Protocol include Multicoin Capital, Polychain Capital.
Will Drift Protocol IPO soon?
No public IPO plans have been announced for Drift Protocol.
How can I track Drift Protocol secondary market activity?
Caplight tracks bids, offers, and trades in Drift Protocol's shares on secondary markets.