Liminal, a Singapore-based wallet operations infrastructure that secures digital assets, raised $4.7 million in seed funding.
The round was led by Elevation Capital with participation from LD Capital, Woodstock, Nexus Ventures, CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital, Sparrow Capital, and angel investors Andreas Antonopoulos, Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani, Ajeet Khurana, amongst others.
The company intends to use the funds to expand its hiring and product development efforts.
Company: Liminal Insights, Inc
Round: Seed Round
Funding Month: June 2022
Lead Investors: Elevation Capital
Additional Investors: LD Capital, Woodstock, Nexus Ventures, CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital, Sparrow Capital, Andreas Antonopoulos, Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani, Ajeet Khurana
Company Website: https://www.lmnl.app/
Software Category: Enterprise-Grade Platform
About the Company: Founded in 2021 by Mahin Gupta, Liminal is a wallet architecture that provides the MPC and MultiSig to secure digital assets across different blockchains. The automated wallet solution makes it easier for crypto-native businesses, SMEs, and Web3 startups to manage their workflows across different blockchain protocols, saving them significant development cost overhead. It provides services to clients such as exchanges, custodians, banks, trading desks, and hedge funds to help them securely scale their digital asset operations.