Haun Ventures Leads Series A for Thirdweb, a Web3 Developer Platform

The team behind the Web3 application development platform Web3-enabled Thirdweb closed a Series A round worth $24 million at a $160 million valuation. The round was led by Haun Ventures, the former Andreessen Horowitz partner Katie Haun, according to The Block.

Investors also included Coinbase Ventures, Shopify, Protocol Labs, Shrug VC, and Kleiner Perkins partner Joseph Lacob.

The team will use the proceeds to hire engineers and to integrate Cosmos, Near, Flow and Solana (in September), in addition to Ethereum, Avalanche and Fantom.

Thirdweb offers audited smart contracts that allow developers to create and securely deploy dapps, as well as manage related analytics.

Use cases include blockchain games and NFTs.

“We are filling the gap between infrastructure and real applications,” said Thirdweb cofounder Raidhan Bartlett in an interview withCoinDesk.

The startup’s tools are used by Afterpay, New York Fashion Week and Coinbase for its NFT marketplace.

According to the company, in the last nine months more than 55,000 developers have used its tools to build applications.

Earlier in March, Haun Ventures’ Katie Haun raised $1.5 billion for Web3 investments.

In May, Andreessen Horowitz formed its fourth crypto fund worth $4.5 billion. The vehicle will focus on backing Web3 startups.

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