About $12M raised by EthSign in a seed round led by Sequoia Capital India, Mirana Ventures

• ByStartupStory     |    March 9, 2022

Along with participation from Sequoia Capital and Sequoia Capital China, EthSign announced a raise of about $12 million in the seed round led by Sequoia Capital India and Mirana Ventures (venture partner of BitDAO and Bybit). 

Under a Web3 native philosophy, the startup is building end-user applications. In Web3, user identity is represented by private keys, datas are encrypted and stored in the decentralised network. Fund transfer are completed seamlessly through smart contracts. The team is set to prioritise product development and community growth in 2022. 

EthSign Signature has been used by many EthSign backers during the fundraising process. Amber Group, Hack VC, Circle Ventures, NGC Ventures, Hashkey, Infinity Ventures Crypto (IVC), IOSG Ventures, Tess Ventures, Folius Ventures, Shima Capital, Genesis Block Ventures, Hash Global, KB Ventures, Mask Network, Matrixport, Synaps.io, AV Blockchain Fund, Goodwater Capital, Emoote, and Next Web Capital are other notable investors involved in the round.

Balaji Srinivasan, Tegan Kline- The Graph, Sandeep Nailwal- Polygon, Aniket and Ahmed- Biconomy, Liang Xinjun- Fosun International, Alex Shin- Hashed, Sid Powell- Maple.Finance, Li Ning, DiscusFish- Cobo, Thomas Vu- Riot Games, Tekin Salimi, MissBitcoin, Jaeson Ma- 88 Rising and many more are the angel investors included too.

In order to build solutions for the most tangible issues, EthSign aims to leverage the newest blockchain techstack. The freedom to form global connections and deploy capital across borders are the assets allowed to people by the crypto. 

By initiating the mass adoption of Web3, the startup has been building applications that bridge the crypto and traditional worlds. Immense value could be extracted from smart contract data depicting business interactions, as the user base and product lines of EthSign grew. In order to map social networks and assign credit scores, the team has planned to leverage their wealth of multidimensional on-chain data.

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