Privy, a NYC-based builder of APIs to onboard users to consumer crypto products, raised $18M in Series A funding.
The round was led by Paradigm with participation from our existing investors, Sequoia Capital, BlueYard Capital, Archetype and many others. In conjunction with the funding, Matt Huang, joined Privy’s board.
The company intends to use the funds to expand operations and its development efforts.
Privy provides APIs for developers to onboard users, safely leveraging their off-chain data, and providing user sessions, regardless of chain or wallet, across web3 experiences. Its SDK couples wallet connectors and self-custodial embedded wallets, empowering developers to offer authentication flows that get consumers onboarded fast.
Privy’s infrastructure processes millions of transactions every month, with over 10 billion RPC requests in the last two months alone. They’ve onboarded more than one million users to onchain products, across a broad range of industries — from restaurant loyalty and biotech research to creator platforms and gaming, thanks to great teams like Friendtech, Blackbird, Courtyard, and many others.
FinSMEs
21/11/2023