Web3 startup Nefta raises $5M at $32.5M valuation


Gaming-focused infrastructure startup Nefta raises $5M in seed funding, reports The Block.

The round was led by Play Ventures, having invested the largest amount in the project – $ 2.5 million. Among other participants: Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.

Investors valued the startup at $32.5 million. According to Nefta CEO Gishan Villinck, this figure has grown by 225% over the past eight months. In June, the project raised $1 million in pre-seed investment at a $10 million valuation.

Launched last year, the startup provides companies with the tools to enter and grow in the Web3 space: APIdevelopment tools and other solutions that help integrate digital assets, multi-chain wallets and marketplaces.

“We have seen significant demand for our products over the past 12 months,” Willink said.

He added that under the terms of the deal, Play Ventures general partner Kenrik Dreykoningen will join Nefta’s board of directors.

Recall that the Swiss infrastructure startup Taurus raised $65 million to develop institutional solutions.

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