Privy Announces $18M Series A
Privy announced an $18 million Series A funding round led by Paradigm, to bolster its commitment to simplifying crypto app development.
The Deets
- Privy aims to make building crypto apps easier and more accessible.
- The company focuses on self-custody and user-friendly crypto experiences.
- Privy's platform includes wallet connectors and self-custodial embedded wallets.
- More than one million users have been onboarded to onchain products through Privy.
The Bulk
Privy announced an $18 million Series A funding round, spearheaded by Paradigm to bolster Privy's vision of simplifying the process of creating crypto apps and making them accessible to a broader audience.
Privy's approach is centered around the concept that good crypto apps should not just cater to the experienced crypto user but should be intuitive and engaging for everyone. Its platform offers wallet connectors and self-custodial embedded wallets, allowing for seamless activation of users to any app, regardless of their prior experience with crypto.
In the past year, Privy successfully supported crypto companies like Friend Tech, Blackbird, and Courtyard, helping to onboard more than one million users to onchain products.
With the fresh capital, Privy plans to expand its team and enhance its library, empowering developers to create engaging onchain apps accessible to all.
🎤 Founder Feedback
What we build today will set the direction for decentralized systems tomorrow – and whether or not the Internet uses them.Privy
🔜 What's Next?
Privy is expected to release a series of customer and product updates soon.
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