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Web3 Wallet Infrastructure Start-up Portal Raises US$ 5.3 Million

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It is reported that Portal, a Web3 wallet infrastructure start-up, announced the completion of a US $5.3 million financing, with the participation of Slow Vent…

Web3 Wallet Infrastructure Start-up Portal Raises US$ 5.3 Million

It is reported that Portal, a Web3 wallet infrastructure start-up, announced the completion of a US $5.3 million financing, with the participation of Slow Ventures, and venture capital companies such as Haun Ventures, Acrew Capital, and Chapter One founded by Andreessen Horowitz alumnus Kaite Haun.

Portal, a Web3 infrastructure company, completed a $5.3 million financing

Interpretation of the news:


Portal, a start-up that provides Web3 wallet infrastructure, announced that they have completed a US$ 5.3 million financing round. The round was led by Slow Ventures and included the participation of other venture capital companies such as Haun Ventures, Acrew Capital, and Chapter One, which was founded by Kaite Haun, an alumnus of Andreessen Horowitz.

The funds raised will mainly be used to scale the operations of the company and assist it in meeting the rising demand for Web3 infrastructure. As the demand for the development of decentralized applications and blockchain-based projects is on the rise, there is a clear need for Web3 infrastructure to support these projects.

Portal’s infrastructure allows developers and users to interact easily with blockchain-based applications. This infrastructure is crucial for the development of decentralized applications and blockchain-based projects, which are becoming increasingly important in sectors such as finance, supply chain management, and gaming.

Slow Ventures, one of the lead investors, is a venture capital firm that invests in early-stage technology companies. They have previously invested in companies such as Slack, Postmates, and Pinterest. Haun Ventures, another investor, is a venture capital firm focused on the blockchain industry. They have previously invested in companies such as Coinbase, Bitwise, and Compound.

Acrew Capital, another participant in the financing round, is a venture capital firm that invests in futuristic ideas and cutting-edge technologies. Chapter One, the last participant in the financing round, is a venture capital firm founded by Kaite Haun. They support innovative, early-stage companies that are developing groundbreaking technologies.

In conclusion, the completion of the US$ 5.3 million financing round will enable Portal to expand and serve the growing demand for Web3 infrastructure. It is also an indication of the growing interest in decentralized applications and blockchain-based projects. The participation of reputable venture capital firms such as Slow Ventures, Haun Ventures, Acrew Capital, and Chapter One, shows that there is significant confidence in the prospects for Portal and the Web3 industry.

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