Venly Raises €21 Million in Series A Funding to focus on Web3 gaming

The Belgium-based Blockchain Technology provider announced that it has secured Series A funding worth €21 million and plans to focus on gaming and e-commerce in Web3.

May 3, 2022
by Michael
Venly Raises €21 Million in Series A Funding to focus on Web3 gaming
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Venly, a blockchain wallet solution that recently surpassed 2 million users announced that it has raised 21 million in Courtside Ventures led Series A funding with participation from Transcend Fund, Coinbase Ventures, Tioga Capital, High-Tech Gründerfonds, Fortino, Plug and Play, Leadblock Partners, Imec Istart, Powerhouse and Alpaca VC

As a Blockchain agnostic tech provider, Venly supports the seamless integration of wallet, NFT marketplace, and tools for blockchain projects and it plans to focus on the gaming and e-commerce industry with this funding.

In the Gaming industry, Venly will enable deeper platform integrations to support its no-code solutions, thereby allowing game studios and publishers freedom to maximize web3.

According to the CEO, Tim Dierckxsens:

"The problem today is that most developers and end-users have difficulty interacting with Web3 technology. It needs to be more aligned with Web2 usability, which is exactly what the Venly platform provides. Our APIs and services allow a Web2 company to seamlessly integrate with Web3.”

He added,

"Moreover, we want to focus on our marketplace for the mainstream users. The Venly NFT marketplace is easier to use than any other platform out there."

Meanwhile, speaking of the funding, Kai Bond, Partner at Courtside Ventures commented:

“The Venly platform offers game developers the ability to easily launch Web3 experiences, We believe that the next big growth in the NFT ecosystem will come from mainstream users interacting with their favorite IP.”

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