Liminal raises $4.7 mn in its seed round of funding led by Elevation Capital

• ByStartupStory     |    June 1, 2022

Liminal, a wallet operations infrastructure, has secured $4.7 million in a seed fundraising round headed by Elevation Capital. Investors in the round included LD Capital, Woodstock, Nexus Projects, and crypto ventures such as CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital, and Sparrow Capital. Angel investors included Andreas Antonopoulos, Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani, and Ajeet Khurana, among others.

Liminal founder Mahin Gupta stated that the cash would be utilised to invest in employment and product development. And the company would tackle the challenge of safeguarding and scaling digital assets by using Liminal, which eliminates the need for consumers to utilise various wallets and infrastructure for different protocols. Its three layers enable enterprise administration, operational automation, and compliance, he further said.

Vaas Bhaskar, the principal of Elevation Capital stated that different crypto firms and institutions will boost digital asset adoption. These companies want plug-and-play custody solutions which address their concerns, such as security, regulatory preparedness, and operational efficiency. And the firm is excited to be working with Liminal on this adventure.

Himanshu Yadav, the founding partner of Woodstock said that with a team of veterans that have already made waves in the Web3.0 scene, Liminal’s digital assets custody solution brings security and comfort to individual and institutional self-custody. The company is looking forward to assisting them in their road to becoming one of the most important names in the security and custodial sector.

Liminal claims to have handled over $2.5 billion in transactions and $400 million in automated transactions in its first year of operation. It also claims to have assets worth roughly $50 million under protection. Liminal offers asset security and transaction convenience.

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