• Webacy has successfully closed a $4M seed round to make web3 safer.
• The round was led by gmjp and included notable investors such as Gary Vaynerchuk, Mozilla Ventures, Soma Capital, and Dreamers.
• Webacy’s Safety Suite of products includes Wallet Watch, Backup Wallet, Panic Button and Crypto Will.
Webacy Secures $4M Seed Round
ChainwireWebacy has announced the successful closure of a $4M seed round to support its goal of making web3 safer. The round was led by gmjp which also included notable investors such as Gary Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp, CEAS Investments, Dreamers and Miraise. This is Webacy’s second round of financing which brings their total financing to over $5M.
Noteworthy previous investors include Pareto Holdings, Quiet Capital, LOI Venture, MetaverseHQ and Origin Protocol. Louis Kang from gmjp said: „We’re excited to back incredible founders building important companies that solve important problems in the world today in web3“. AJ Vaynerchuk from VaynerFund commented: „We’ve seen a huge need for safety products amongst our communities at VaynerSports Pass and Veefriends.“
Goal Of Making Web3 Safer
Webacy is building comprehensive products to help people protect their self-custodied digital assets without requiring custody or storage of keys. With the mass movement of assets off centralized environments into self-managed wallets it is more important than ever for solutions like Webacy that provide enhanced digital safety for customers.
Safety Suite Of Products
Webacy’s Safety Suite includes Wallet Watch (for real-time wallet monitoring), Backup Wallet (for loss of access/keys/phrases), Panic Button (to bulk send assets to a safe house wallet in case of an exploit or hack) and Crypto Will (to ensure assets are in the hands of beneficiaries). These smart contracts enable people to transfer assets securely while protecting against hacks or exploits.
CEO Maika Isogawa’s Comments
Maika Isogawa CEO & Founder commented: „Webacy helps create intelligent tools using smart contracts the way they were meant to be used… To welcome the next billion users to web3 we’ll need a safe environment that allows everyone to transact with confidence”