Crypto Wallet Security Layer Webacy Raises $4M

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San Francisco, United States, 9th February, 2023, Chainwire

Webacy has announced the successful closure of a $4M seed round to support its goal of making web3 safer. gmjp led the round which also included Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp, CEAS Investments, Dreamers, and Miraise.

The event is Webacy’s second round of financing, following a pre-seed raise in late 2021. Notable previous investors include Pareto Holdings, Quiet Capital, LOI Venture, MetaverseHQ, and Origin Protocol. The two rounds bring Webacy’s total financing to over $5M.

Louis Kang, Partner at gmjp, said: “We’re excited to back incredible founders building important companies that solve important problems in the world today in web3. Digital assets are going to become more pervasive as part of our daily lives. Ownership is one element, but protection is just as important. We’re excited to invest in Webacy and to bring this enhanced digital safety to the masses.”

AJ Vaynerchuk, Partner at VaynerFund, said: “We’ve seen a huge need for safety products amongst our communities at VaynerSports Pass and Veefriends. Our brand clients see the need to engage their customers while maintaining responsible and safe habits. No one wants to make the wrong move that might get them hacked. This feeling is mitigated by solutions like Webacy.” 

Webacy is building comprehensive and easy-to-use products to help people protect their self-custodied digital assets. The company’s protection technology doesn’t require custody or storage of keys. With the mass movement of assets off