Zerion, a San Francisco, CA-based provider of a wallet for web3 users, raised $12.3m in Series B funding.
The round was led by Wintermute Ventures with participation from Placeholder, Mosaic, Polymorphic Capital, Coinbase Ventures, Alchemy Ventures, Sergej Kunz, Anton Bukov and Orest Gavryliak, Yunt Capital, and Grégoire Le Jeune.
The company intends to use the funds to advance the development of its wallet for Web3 users.
Founded in 2016 by Evgeny Yurtaev (CEO), Alexey Bashlykov (CTO) and Vadim Koleoshkin (COO), Zerion is a smart Web3 wallet and investing tool that enables anyone with a mobile phone to manage their DeFi and NFT portfolios. With a focus on user-centered design and a technology stack that aggregates across every major wallet, network and decentralized exchange, users are offered a single point of entry for managing their digital assets, including NFTs.
For more than 5 years, Zerion has enabled DeFi investors, NFT collectors and Web3 builders to track their portfolios and trade hundreds of assets at the best rates. Since adding swaps to their web and mobile apps, trading volume through Zerion has grown from $47M in 2019 to more than $1.5B today. After raising $8.2M in July of 2021, the team has been working on turning its wallet product into the primary interface for Web3. The wallet launch in last May was accompanied by a generative NFT that evolves as users make transactions in their wallet. The wallet allows Web3 citizens to take control of their digital assets, identities and data. Over 60kZerion wallets holding more than $100M have been created in less than six months since the launch of the wallet.
The interface serves 400K monthly active wallets from over 150 countries.