Cointime

Cointime

Download App
iOS & Android
Home / Financing

Privy Raises $18M in Series A Funding for API Development in Consumer Crypto Products

Privy, a New York-based company that builds APIs for developers to onboard users to consumer crypto products, has secured $18 million in Series A funding. The funding round was led by Paradigm, with participation from existing investors such as Sequoia Capital, BlueYard Capital, and Archetype. The company plans to use the funds to expand its operations and development efforts. Privy's infrastructure processes millions of transactions every month and has onboarded over one million users to onchain products across various industries. The company's SDK offers authentication flows that enable developers to onboard consumers quickly.

Cryptocurrency fundraising Web3
Comments

All Comments

Recommended for you

  • PEOPLE breaks through 0.1 USDT, with a 24-hour increase of 30.06%

    Daily News OKX market shows that PEOPLE has broken through 0.1 USDT and is currently trading at 0.10222 USDT, with a 24-hour increase of 30.06%.

  • U.S. Senator Cynthia Lummis: Biden missed an opportunity to "correct" his stance on the crypto industry

    US Senator Cynthia Lummis, who supports the cryptocurrency industry, said that President Biden's decision to veto the controversial cryptocurrency accounting standard SAB 121 missed the opportunity to "correct" his position on cryptocurrency assets. Lummis stated on X platform that Congress gave the government the opportunity to correct its position on cryptocurrency assets. I will not stand idly by because the government is trying to circumvent the law. I will continue to work to promote financial innovation and provide crucial protection for cryptocurrency assets that this administration seems determined to stifle.

  • A trader made a profit of $1.72 million on PEW in 4 days

    Lookonchain monitoring shows that a trader made a profit of $1.72 million in just 4 days by trading PEW with only 3.2 ETH ($12,300). The trader spent 3.2 ETH to buy 27.05 billion PEW within 3 minutes of its opening, and then sold 8.05 billion PEW for 83.5 ETH ($315,000).

  • BitDeer announced that it has received $150 million in private equity financing

    Bitdeer Technology Group (NASDAQ stock code: BTDR) announced a private placement of 18,587,360 Class A common shares with warrants attached, which can purchase up to an additional 5,000,000 shares at $10.00 per share with an end date of May 30, 2024. The transaction generated a total revenue of $100 million in stock issuance and can provide an additional $50 million if the warrants are fully exercised. The warrants are subject to customary anti-dilution provisions reflecting stock dividends and splits or other similar transactions, as well as weighted average anti-dilution protection against the issuance of common stock or common stock equivalents at a per share price lower than the initial exercise price of the warrants. The warrants can be exercised by Tether at its own discretion within 12 months after delivery. Bitdeer plans to use the net proceeds from this private placement to fund its data center expansion, ASIC-based mining equipment development, and working capital and other general corporate purposes.

  • RWA project Plural completes $2.3 million financing, led by CompoundVC and Necessary Ventures

    On May 31st, Plural Energy, an RWA project, completed a pre-seed round of financing of $2.3 million, led by CompoundVC and Necessary Ventures, with participation from Volt Capital and Maven 11. The new funding will be used to connect solar and wind energy developers with investors through blockchain technology. Plural Energy allows people to invest in solar power plants, wind farms, and battery storage projects for as low as $10, with the usual minimum investment amount being $50,000.

  • Ethereum L2 network Mint Blockchain completes $5 million seed round of financing

    Ethereum L2 network Mint Blockchain has completed a $5 million seed round of financing, with investors including Jsquare, SNZ Capital, Antalpha Ventures, Mask Network, BlockAI Ventures, Predator Capital, GoPlus, Whitelist Ventures, PANONY Group, and individual investors Smart Token Labs founder Victor and GoPlus founder Mike. This round of financing will be used for Mint Blockchain's global market branding and NFT infrastructure development.

  • Decentralized social network tool Neynar completes $11 million Series A financing, with participation from a16z and others

    Neynar, which provides developers with tools to build decentralized social networks, has announced the completion of a $11 million Series A financing round. Haun Ventures led the round, with participation from a16z, CSX, Coinbase Ventures, and Union Square Ventures. Currently, most developers using Neynar's services are developing social applications on Farcaster, which plays a "significant role" in this journey by minimizing the contact points between users tired of encryption and the underlying blockchain, creating an experience similar to Web2 applications such as Instagram or X.

  • Smart Transaction, a transaction execution protocol, completes $5.5 million seed round of financing, with participation from HackVC and others

    Smart Transaction, a decentralized transaction creation and execution framework run by solvers, announced the completion of a $5.5 million seed round of financing. HackVC, Backed, Shima Capital, Signum Capital, Antalpha, Gate.io, Breed VC, Chorus One, Tane and others participated, and specific valuation information has not yet been disclosed. Smart Transaction allows users to set specific conditions for transaction time and execution, based on smart contracts, with MEV resistance, context awareness, and dynamic execution capabilities, and can process transactions based on precise conditions and time. The framework supports secure, conditional, and customizable transactions for various blockchain applications.

  • ARPA Network receives $6 million in strategic investment

    Decentralized secure computing network ARPA Network has announced a strategic investment of $6 million to support product expansion in on-chain gaming, Autonomous Worlds (AW), and encrypted AI. The main investors include Nomura's Laser Digital and DeFiance Capital, as well as Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito. ARPA Network has previously received support from Binance Labs, Arrington Capital, and DWF Labs.

  • A new wallet created by an insider spent 1,370 yuan SOL to buy 632 million CAT

    Lookonchain monitoring shows that someone (an insider) created a new wallet and spent 1370 SOL tokens (worth 230,000 USD) to grab 6.32 billion CAT tokens (63.2% of the total supply). We tracked that they have sold some of the CAT tokens and received about 29,525 SOL tokens (5 million USD).

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company