Fordefi Raised $18M in Seed Funding

Fordefi announced that it has raised a total investment of $18 million in the seed round. While the tour was managed by Lightspeed Venture Partners, other investors involved included Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital and StarkWare. Making a good start with the investment round, Fordefi also announced the MPC wallet they have created to make transactions in decentralized applications. Fordefi plans to use the funds raised to grow its company and increase its commercial reach. Ken Deeter, Partner at Electric Capital said;

 “Wallet hacks made major headlines this year. Until now, decentralized finance was missing a secure, stable, and seamless way to connect to dApps. Fordefi’s single-browser extension paired with a top-notch institutional grade MPC wallet platform will unlock opportunities across DeFi for all crypto-native institutions. We’re excited to be part of Fordefi’s journey, as an investor, design partner and customer.”

Fordefi
Fordefi

About Fordefi

Fordefi was founded in 2021 by Josh Schwartz, Dima Kogan and Michael Volfman. The Fordefi team consists of people who are experts in their field and have a long experience in crypto, cybersecurity and financial issues. Considering that existing wallets have security problems and shortcomings, the company offers the MPC wallet as a solution to this. MPC is a wallet that allows you to securely and easily connect to decentralized platforms. Users can keep their assets safe with the MPC wallet developed by Fordefi, while at the same time easily connecting to dApps.

References

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