Venly, an Antwerp, Belgium-based major blockchain technology provider, announced that it secured $23 million (over €21 million) in Series A funding.

The round was led by Courtside Ventures, with participation from Transcend Fund, Coinbase Ventures, Tioga Capital, High-Tech Gründerfonds, Fortino, Plug and Play, Leadblock Partners, Imec Istart, Powerhouse, and Alpaca VC. 

Venly will use the funding to develop products centered around new benefits to Web3 users, with a close focus on gaming as well as eCommerce.

Company: BV ARKANE                                                          

Raised: $23.0M

Round: Series A

Funding Month: April 2022

Lead Investors: Courtside Ventures

Additional Investors: Transcend Fund, Coinbase Ventures, Tioga Capital, High-Tech Gründerfonds, Fortino, Plug and Play, Leadblock Partners, Imec Istart, Powerhouse, and Alpaca VC

Company Website: https://www.venly.io/

Software Category: Cryptocurrency Wallets

About the Company: Venly (previously Arkane Network) is a blockchain-agnostic technology provider with wallet, NFT, and marketplace services, among others. It offers brands, games, and platforms easy to implement blockchain tech like digital wallets for their end-users. Venly creates powerful tools and products empowering Web2 businesses to leverage Web3 technology and integrate it seamlessly into their own business processes without sacrificing user experience or security. Their intuitive API platform delivers groundbreaking innovation to prominent companies in the blockchain gaming space, including The Sandbox, Aavegotchi, Bondly, Shopify, and other industry leaders. 

Source: https://www.venly.io/post/venly-raises-21-million-euros-in-series-a-to-bring-more-users-into-web3