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News

Crypto Wallet Company Braavos Raises $10 Million Led By Pantera Capital

November 1, 2022 - Around 2 mins mins to read
Braavos has received $10 million in funding for the introduction of a self-custodial wallet on StarkNet, an Ethereum scaling solution.
Crypto Wallet Company Braavos Raises $10 Million Led By Pantera Capital

Pantera Capital is leading the seed round. According to a press announcement, other investors include Brevan Howard Digital, Crypto.com, Road Capital, Matrixport, and Starkware.

Pantera is the world’s largest cryptocurrency hedge fund in terms of assets under management. Dan Morehead, a former Goldman Sachs derivatives trader who later became the chief financial officer of Tiger Global Management, another large asset management business, created it in 2003.

Crypto Wallet Company Braavos Raises $10 Million Led By Pantera Capital

Motty Lavie, Abraham Makovetsky, and Yoav Gaziel co-founded Braavos at the beginning of this year. According to Lavie, the business closed the all-equity financing at the onset of the bad market.

Braavos creates crypto wallets that allow the possessor to access the digital assets contained therein.

Custodial wallets place the keys, or passwords, in the hands of a centralized firm that promises security and a user-friendly interface. Self-custody retains the keys in the user’s possession, but the more rigorous onboarding procedure may deter new crypto users.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Crypto Wallet Company Braavos Raises $10 Million Led By Pantera Capital

Braavos has received $10 million in funding for the introduction of a self-custodial wallet on StarkNet, an Ethereum scaling solution.
Crypto Wallet Company Braavos Raises $10 Million Led By Pantera Capital

Pantera Capital is leading the seed round. According to a press announcement, other investors include Brevan Howard Digital, Crypto.com, Road Capital, Matrixport, and Starkware.

Pantera is the world’s largest cryptocurrency hedge fund in terms of assets under management. Dan Morehead, a former Goldman Sachs derivatives trader who later became the chief financial officer of Tiger Global Management, another large asset management business, created it in 2003.

Crypto Wallet Company Braavos Raises $10 Million Led By Pantera Capital

Motty Lavie, Abraham Makovetsky, and Yoav Gaziel co-founded Braavos at the beginning of this year. According to Lavie, the business closed the all-equity financing at the onset of the bad market.

Braavos creates crypto wallets that allow the possessor to access the digital assets contained therein.

Custodial wallets place the keys, or passwords, in the hands of a centralized firm that promises security and a user-friendly interface. Self-custody retains the keys in the user’s possession, but the more rigorous onboarding procedure may deter new crypto users.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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