• ChainwireWebacy has announced the successful closure of a $4M seed round, bringing total financing to over $5M.
• Investors include gmjp, Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, and more.
• Webacy is building comprehensive products to help people protect their self-custodied digital assets.
ChainwireWebacy Closes $4M Seed Round
ChainwireWebacy has announced the successful closure of a $4M seed round to support its goal of making web3 safer. The two rounds bring Webacy’s total financing to over $5M. Notable investors that led the round include gmjp, Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp, CEAS Investments, Dreamers and Miraise. Previous investors include Pareto Holdings, Quiet Capital LOI Venture MetaverseHQ and Origin Protocol.
Webacy’s Safety Suite
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 centralized environments into self-managed wallets, protection is more important than ever. Webacy’s Safety Suite of products includes Wallet Watch (for real-time wallet monitoring), Backup Wallet (for loss of access keys or 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 and loved ones in the event of death). Webacy has built its products using smart contract technology where customers are able to sign their own smart contracts to set triggers that enable the transfer of assets to backup wallets and beneficiaries.
Investor Support for Webacy
Louis Kang Partner at gmjp comment on this investment “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 Webac” 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 Webac”.
Maika Isogawa’s Thoughts on Webacy
Maika Isogawa CEO & Founderof said “Webacy helps create intelligent tools using smart contracts were meant to be used To welcome next billion users web3 we’ll need safe environment allows everyone transact securely with confidence”.
In conclusion ChainwireWebacysuccessfully closed$4Mseedround bringtotal financingsix milliondollarssupportgoalsof makingsaferweb3 investmentsincludegmjpVaynerFundSomaCapitalDGDaiwaQuantstampCeasDreamers&MiraisepreviousinvestorsParetoQuietLOIMetaverse&OriginProtocolProductsWalletWatchBackupPanicButtonCryptoWillhelpcustomerstransferto backupwalletsbeneficiariesSmart Contractsignaturetrigerassetsperformed securelysafelyconfidence