Nefta Announces Successful US $5 Million Seed Round Financing

02/16/2023 13:39 • Tech Ticker • 141 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

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Web3 infrastructure start-up Nefta has announced the successful completion of a seed round financing, raising US $5 million at a valuation of US $32.5 million. Play Ventures led the investment with US $2.5 million, making it the largest single investment in its future fund. Among the other investors in this round of financing were Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.

This news reflects the growing interest in web3 infrastructure initiatives that promise to revolutionize the digital ecosystem. At its core, web3 is an evolution beyond the internet as we know it, enabling a more decentralized, open, and democratic system where individuals truly own and control their data. This new infrastructure also seeks to address key issues such as data privacy, security, and interoperability across different platforms.

Nefta is positioning itself as a key player in this ecosystem, building infrastructure that enables developers to create web3 applications without having to code manually all the underlying protocols. Its platform will serve as a layer between the infrastructure and application developers, providing an abstracted interface for more efficient and streamlined development.

Play Ventures, one of the lead investors in this round, specializes in early-stage investments in gaming and web3 start-ups. Its future fund, with a target of $60 million, is dedicated to investing in web3 infrastructure that enables decentralized applications.

Polygon Ventures, another notable investor, is associated with Polygon, a leading Ethereum scaling and infrastructure company that makes it easier for developers and businesses to create and deploy decentralized applications. SevenX Ventures, Sfermion and Picus Capital are all well-known venture capital firms that have previously invested in sustainable and innovative start-ups in various sectors.

The successful completion of the US $5 million seed funding round is a vote of confidence in Nefta’s vision and strategy. The funds raised will help the company further develop its web3 infrastructure platform and bring it closer to market launch.

In summary, Nefta, a web3 infrastructure start-up, has successfully raised US $5 million in seed funding with leading investors, including Play Ventures, Polygon Ventures, SevenX Ventures, Sfermion, and Picus Capital. This financing news highlights the increasing interest in web3 infrastructure initiatives that aim to revolutionize the digital ecosystem, provide decentralization, and address issues such as data privacy, security, and interoperability.

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