Privy Secures $15 Million Funding Led by Ribbit Capital
Privy, a provider of cryptocurrency wallet infrastructure, secured approximately $15 million in a funding round led by Ribbit Capital. The company specializes in offering APIs for developers to manage and integrate user data, enabling customers to provide crypto services and on-chain functions.
- Total funding raised by Privy exceeds $40 million.
- Previous funding rounds totaled $26.3 million.
- Existing investors include Sequoia Capital, Paradigm, BlueYard, and Coinbase.
- Valuation details from the latest round were not disclosed.
Privy emphasized the importance of simplifying the development of secure experiences on crypto rails for future business success in the crypto space.