Ethena Raises $30M in Series B Funding

Ethena, a Brooklyn, NY-based modern compliance training platform, raised $30m in Series B funding.

The round was led by Lachy Groom, with participation from existing investors including Felicis, Neo, Homebrew, and angel investors including Jack Altman, Mathilde Collin, William Hockey, Gretchen Howard, and Claire Johnson.

The company intends to use the funds to build out additional compliance product lines and expand its core training technology.

Founded by Roxanne Petraeus and Anne Solmssen, Ethena provides compliance training for companies. The company applies its innovative content and delivery method — bite-sized compliance trainings delivered over time via Slack or email— to a variety of topics. These range from Code of Conduct, to diversity, equity and inclusion to hiring and interviewing. More than 50,000 active users from companies including Netflix, Zendesk, Carta, and Figma complete training activities on the platform each month.