Braavos Raised $10M Funding Backing Pantera Capital – The Coin Republic

• The non-custodial crypto wallets raised $10M with the support of Pantera Capital, a crypto-focused investment firm. 

Braavos is a crypto wallet on StarNet. It is a wallet that aims to attract and bring mass users in the crypto market and provide them a Web2 like experience without any barriers. 

Braavos wallet is currently available in almost all browsers and it is the only mobile wallet for StarkNet,the wallet is doing well in the market and is growing rapidly. 

The Chief Executive Officer of Braavos announced that Non-Custodial crypto wallet raised $10M in a funding round as it aims to offer self-custody in a more user-friendly way.   

The non-custodial crypto wallets raised $10M with the support of Pantera Capital, a crypto-focused investment firm. 

The seed funding of Braavos was led by Pantera Capital and several other investors including Brevan Howard Digital,Maxiport,Road Capital,Starkware and Crypto.com which was held in the first quarter of 2022. 

The CEO of Braavos,Motty Lavie noted that using crypto is still a difficult task and many of the users and a massive number of users are still struggling with security keys and low error tolerance.  

The company uses additional advanced cryptography to self-contain assets by creating a user experience that is both intuitive and secure for daily based users who seek crypto freedom outside of centralised wallets and exchanges without the risks traditionally associated with want to do.

Braavos was developed in the beginning of 2022. 

Earlier in September 2022, Pantera and Crypto.com, Jump Capital, Amber Group, WOO Network, SevenX Ventures, Smrti Labs, D1 Ventures, Puzzle Ventures, Shima Capital, Eniac Ventures, and GFS Ventures  organised a funding round for Sender Wallet which NEAR-based eco-wallet. 

Last year, Pantera launched the first phase of a fund of up to $600 million (USD) to invest in liquid tokens and venture equity. The Early Stage Token Fund and Pantera Bitcoin fund, which focuses on blockchain protocols, were both consistently growing. The company introduced the Early Stage Token Fund in 2017 and raised it to 27% at the start of 2020.

According to CoinGecko, Crypto.com’s normalized exchange volume has decreased by 91% over the past year, from $4 billion to $380 million per day using a 7-day average.

This does not mean that the ad is to blame for the drop in sales; rather, the company’s attempt to boost growth by partnering with an A-list celebrity appears to have had little effect.