Nefta Raises $5 Million in Seed Round Financing

02/16/2023 13:39 • Blockchain Briefs • 84 views

It is reported that Nefta, a web3 infrastructure start-up, announced to complete a seed round financing of US $5 million at a valuation of US $32.5 million. Play Ventures led the investment with US $2.5 million, which is the largest single investment of its future fund. Other investors in this round of financing include Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.

Nefta announced the completion of $5 million seed round financing with a valuation of $32.5 million

Analysis based on this information:

Nefta, a web3 infrastructure start-up, has successfully secured $5 million in seed round financing at a valuation of $32.5 million. The investment was led by Play Ventures, with $2.5 million being the largest single investment from its future fund. Other investors who participated in this round of financing include Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.

This investment marks a significant milestone for Nefta in its mission to provide blockchain infrastructure solutions to the web3 ecosystem. With the emergence of new decentralized finance (DeFi) applications, NFT platforms, and various blockchain-based services, there is a growing need for reliable infrastructure that can accommodate the unique requirements of these applications.

Nefta aims to provide scalable and secure solutions for developers building on blockchain networks. Its core technology is based on a protocol that enables developers to launch highly scalable decentralized applications (dApps) and services. Its platform also includes middleware services, such as data storage, identity verification, and payment systems, that help developers to build more complex applications.

The successful completion of this seed round financing will enable Nefta to expand its team, develop new products and services, and further enhance its core technology. In a statement, Robin Saksena, CEO of Nefta, expressed his enthusiasm for the future of the company, saying “We’re thrilled to have Play Ventures and our other investors on board to help us accelerate our growth and realize our vision for decentralized infrastructure.”

One of the key investors in this round, Play Ventures, is a venture capital fund that focuses on the gaming market. Its investment in Nefta reflects the growing importance of blockchain technology in the gaming industry, as more game developers explore the use of blockchain-based assets and services.

In summary, Nefta’s successful completion of a seed round financing of $5 million marks a significant milestone in the growth of the company. With solid backing from Play Ventures and other leading investors, Nefta is well-positioned to continue its mission to provide scalable and secure infrastructure solutions for the web3 ecosystem.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/16/nefta-raises-5-million-in-seed-round-financing/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Nefta Raises $5 Million in Seed Round Financing

Nefta announced the completion of $5 million seed round financing with a valuation of $32.5 million

Recommended articles