Crypto security start-up NGRAVE raises $6M in funding to expand their crypto storage solution. The strong interest in this start-up and their market impact, is thanks to the unique security and user experience. As imec.istart fund partner and contributor to start up training sessions, we are proud to see their growing success.
Cryptocurrency hardware wallet
NGRAVE, founded in 2018, develops a secure and easy to use cryptocurrency hardware wallet. This 3-tier solution, ‘Coldest Wallet’, consists of an offline touchscreen hardware wallet (ZERO), an encrypted backup solution (GRAPHENE) and a mobile app to connect to the blockchain (LIQUID).
Ruben Merre, CEO and cofounder of NGRAVE explains: “Having experienced crypto hacks ourselves, we made it our mission to provide the crypto community the security comfort it deserves. That’s why we innovated to the extreme on both security and user experience. This seed round represents the kickstart for our exponential growth stage and with the backing of several strategic investors, we are confident that 2022 will be a breakthrough year for NGRAVE.”
Expanding the team & global reach
After the successful seed round fundraise, NGRAVE is now looking to expand their team and increase global reach. By doing so, it wants to solidify its global brand and presence. In addition, NGRAVE is planning a new significant funding round in 2022 to support its vision of creating a complete crypto ecosystem.