Sending Labs Raises $12.5M in Seed Funding

sending labs

Sending Labs, an Austin, TX-based provider of a Web3 communications stack, raised $12.5M in Seed funding.

The round was led by Insignia Venture Partners, MindWorks Capital, and Signum Capital with participation from K3 Ventures, Lingfeng Innovation Fund, UpHonest Capital and Aipollo Investment.

Co-founded by CEO Joe Yu and Mason Yang, Sending Labs is launching the public beta of:

  • SendingNetwork: A developer-focused SDK that assists teams in crafting secure, fully decentralized Dapps with rich social integrations. Builders can add in-app/cross-app chats, notifications, wallet or Decentralized ID (DID) logins, NFT/token-based transacting, and management features seamlessly on a unified platform.
  • SendingMe: An encrypted decentralized group chat platform fostering ground-level, user-friendly Web3 growth. Users, creators, community managers, and key opinion leaders can connect socially, securely transact, or reward their friends and audiences. Through smart contract-powered payments, trading protocols, and premium services, creators can monetize projects through P2P swaps, community marketplaces, crowdfunding, airdrops, gifting, auctioning, and token-gated membership.

Both platforms possess a comprehensive toolkit for community management and enhanced social features. Users retain full control of their identification, data, and assets while communities gain full autonomy on interaction, engagement, and rewards.

FinSMEs

16/02/2023