Belgium-based “Coldest” cryptocurrency hardware wallet provider NGRAVE today announced it had successfully concluded a seed round fundraised worth $6 million.
NGRAVE Completes Seed Round Fundraise
Wallet security is one of the most significant factors to consider while storing crypto-assets with a long time-frame in mind.
The crypto bull run that sparked in 2021 has made the issue of wallet security all the more critical as the frequency of wallet hacks and attacks rose multi-fold with the influx of new, uninformed investors into the digital assets industry.
Accordingly, NGRAVE, a Belgian cryptocurrency hardware wallet provider that offers the world’s ‘Coldest’ wallet today announced it had successfully raised $6 million in its seed round fundraise.
The creator of the Coldest Wallet witnessed considerable interest from several major DeFi and Web3 investors such as Woodstock Fund, Morningstar Ventures, DFG Group, Spark Digital Capital, Moonrock Capital, Mapleblock Capital, multiple private crypto C-level angel investors, and top crypto key opinion leaders.
The strong interest in NGRAVE hardly comes as a surprise as the firm seeks to disrupt the security and user experience with regard to crypto storage solutions.
NGRAVE also holds the distinction of being the most secure financial product around the world boasting the EAL7 security certification which makes it safer than any bank or crypto-custody solutions, including market leaders Ledger (EAL5+), and Trezor (no certification).
In addition, NGRAVE won the AIBC Summit 2021 crypto wallet of the year award on account of its top-notch security solutions without compromising on user experience.
It should be recalled that earlier in 2020, NGRAVE launched the most successful crypto wallet pre-order campaign on IndieGogo and Kickstarter ever. The successful campaign helped the company raise $450,000 from 1,225 backers, all of whom have received their orders.
Funds to Be Used to Expand Business Footprint
Per the announcement, NGRAVE will use the proceeds from the $6 million seed funding round to expand the team and increase its global reach. At present, the product is sold out due to overwhelming demand.
However, users can still sign up for waitlist and secure their spot in the queue. Besides, NGRAVE is slated to organize a new and more significant funding round in 2022 .
Notably, NGRAVE’s “Coldest Wallet” has already been sold in more than 90 countries, solidifying the strong demand for secure crypto storage solutions.
For the uninitiated, NGRAVE was founded in the middle of the 2018, early-2020 crypto bear market. NGRAVE is committed to setting up numerous experiments to fulfill its vision of developing a full-scale ecosystem.
Commenting on the development, Ruben Merre, CEO and Co-founder of NGRAVE, said:
„Пошто смо и сами искусили крипто хакове, поставили смо за своју мисију да обезбедимо крипто заједници безбедносни комфор који заслужује. Због тога смо иновирали до крајњих граница и у погледу безбедности и корисничког искуства. Ова прва рунда представља почетак наше фазе експоненцијалног раста и уз подршку неколико стратешких инвеститора, уверени смо да ће 2022. година бити преломна за НГРАВЕ.
Similar sentiments were echoed by Himanshu Yadav, Founding Partner at Woodstock Fund. He said:
„Када окупите најбоље светске предузетнике, иноваторе, научнике и пословне стручњаке да бисте решили кључни проблем у простору дигиталне имовине, креирате најбезбеднији производ за милионе корисника и хиљаде предузећа. То је оно о чему се НГРАВЕ бави и зашто је то за нас једноставна инвестиција.”
How Does the Wallet Work?
NGRAVE’s product suite is a 3-tier solution.
The first of these is ZERO, the offline touch-screen hardware wallet that enables users to securely store and transact their crypto-assets.
Second is GRAPHENE, the stainless steel encrypted backup solution that guarantees that users never lose access to their keys. GRAPHENE is not only built to weather extreme conditions but can also be recovered in the event of loss.
Finally, there’s LIQUID, a convenient mobile app that connects users to blockchain in real-time without ever exposing their private keys.
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Source: https://btcmanager.com/crypto-coldest-wallet-creator-ngrave-6-million-seed-round/