{"id":87385,"date":"2023-11-22T17:09:00","date_gmt":"2023-11-22T15:09:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87385"},"modified":"2025-09-13T11:31:51","modified_gmt":"2025-09-13T08:31:51","slug":"paradigm-backs-infrastructure-web3-startup-privy-in-an-18-million-round","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paradigm-backs-infrastructure-web3-startup-privy-in-an-18-million-round\/","title":{"rendered":"Paradigm backs infrastructure Web3 startup Privy in an $18 million round."},"content":{"rendered":"<p>The startup Privy, focused on building blockchain tools, closed a Series A financing round of $18 million. It was led by Paradigm.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">1\/ Hi again!<\/p>\n<p>Today, we\u2019re excited to announce our $18M Series A, led by <a href=\\\"https:\/\/twitter.com\/paradigm?ref_src=twsrc%5Etfw\\\">@paradigm<\/a>! <a href=\\\"https:\/\/t.co\/dfgp4miflD\\\">pic.twitter.com\/dfgp4miflD<\/a><\/p>\n<p>\u2014 Privy (@privy_io) <a href=\\\"https:\/\/twitter.com\/privy_io\/status\/1726967584472576157?ref_src=twsrc%5Etfw\\\">November 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Existing investors Sequoia, Blue Yard and Archetype, as well as a number of angel investors, also participated.<\/p>\n<p>Paradigm co-founder and managing partner Matt Huang joined the company&#8217;s board of directors.<\/p>\n<p>Privy will allocate the funds to recruiting talent and expanding the developer library.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>&#8220;We provide wallet connectors and embedded non-custodial solutions with the ability for self-custody. The latter allow activating any user in the app, regardless of whether they have interacted with cryptocurrency before,&#8221;<\/em> the team explained.<\/p>\n<\/blockquote>\n<p>According to the release, the startup has collaborated with a number of innovative projects such as <a href=\"https:\/\/forklog.com\/en\/news\/what-is-friend-tech-for\">Friendtech<\/a>, Blackbird and Courtyard.<\/p>\n<p>Earlier, former Revolut vice president of growth Hannes Graah, along with former Coinbase and Spotify employees, with the support of Galaxy Digital <a href=\"https:\/\/forklog.com\/en\/news\/ex-revolut-coinbase-and-spotify-executives-to-launch-a-crypto-wallet\">will launch<\/a> the Zeal cryptocurrency wallet in Q1 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The startup Privy, focused on building blockchain tools, closed a Series A financing round of $18 million. It was led by Paradigm.<\/p>\n","protected":false},"author":1,"featured_media":87386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1402,1608,1133,57],"class_list":["post-87385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-infrastructure","tag-paradigm","tag-venture-investments","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87385"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87385\/revisions"}],"predecessor-version":[{"id":87387,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87385\/revisions\/87387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87386"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}