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US Web3 wallet firm Privy nets $15m funding round
Privy, a web3 wallet infrastructure company based in New York, has raised US$15 million in a funding round led by Ribbit Capital.
This investment increases the firm’s total funding to over US$40 million.
The funding round also included contributions from existing investors, such as Sequoia Capital, Paradigm, BlueYard, and Coinbase.
Privy plans to use the new capital to double its workforce from 25 to 50 employees over the next 18 months.
The focus will be on product, engineering, legal, and go-to-market teams.
Recent Privy developments
| Timeline |
|---|
| 13-Feb-2024 💼 Indonesia-based Privy acquires online tax platform AyoPajak Privy acquires AyoPajak to enhance digital tax services in Indonesia, integrating secure identity verification for users. |
| 14-Nov-2022 🌍 Indonesian digital KYC firm to raise $48m in KKR-led round KKR leads a $48M Series C for Indonesia’s Privy, enhancing digital identity services as it targets international expansion. |
| 31-May-2022 💼 Singapore sales tech firm scores $6m in MassMutual-backed series A Privyr raises $6M in Series A funding to enhance its mobile messaging tool for sales professionals and SMEs globally. |
| 26-Oct-2021 🌍 GGV leads $17.5m round of Indonesian digital signature startup PrivyID secures $17.5M in funding to boost its authentication services and expand its global presence. |
| 22-Oct-2019 🔒 How Indonesia’s PrivyID works with the government to safeguard identities PrivyID revolutionizes digital identity verification in Indonesia, streamlining document signing and enhancing security. |
| 30-Sep-2019 📑 Indonesia’s PrivyID gets Telkomsel backing in series A2 round Telkomsel’s investment in PrivyID aims to enhance digital signatures and promote financial inclusion in Indonesia. |
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