Tech Company Financing Transactions
Webb Funding Round
On 5/8/2023, Webb secured $7 million in financing from Lemniscap, Polychain Capital and CMS Holdings.
Transaction Overview
Company Name
Announced On
5/8/2023
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to grow its staff base, accelerating the development of innovative privacy tools and protocols -- including Zero-Knowledge and Multi-Party Computation (MPC) solutions -- while creating the most privacy-centric and streamlined user experience possible.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
New York City, NY 10001
US
New York City, NY 10001
US
Phone
Undisclosed
Website
Email Address
Overview
The Webb Protocol is a multi-chain privacy system for transferring assets across blockchain protocols, all while maintaining financial privacy. We incentivise privacy creation through novel economic design and are built to grow to be the most decentralised privacy system possible.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Drew Stone
Browse more venture capital transactions:
Prev: 5/8/2023: Slick venture capital transaction
Next: 5/8/2023: Antimetal venture capital transaction
Share this article
Where The Data Comes From
We report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs