#Dfns Raises $16 Million in Funding#
Hot Topic Overview
Overview
Paris-based crypto wallet technology company Dfns has announced the completion of a $16 million funding round led by Abu Dhabi’s sovereign wealth fund ADQ. Other investors include market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owners. Founded in 2020, Dfns’ technology simplifies the building and secure management of digital asset wallets, with clients including Fidelity International and Zodia Custody. The funding will be used to expand the team, with Dfns planning to increase its headcount from 25 to 35. Previously, Dfns had closed a $13.5 million seed round led by Star Capital in 2022.
Ace Hot Topic Analysis
Analysis
Dfns, a company specializing in encrypted wallet technology, recently announced the completion of a $16 million funding round led by ADQ, Abu Dhabi’s sovereign wealth fund. Other investors included market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group. Founded in 2020, Dfns aims to provide developers with easier and more secure technology for building and managing digital asset wallets. Its clients include Fidelity International, Zodia Custody, and Bridge, the stablecoin company acquired by Stripe last year. This funding will help Dfns expand its team from 25 to 35 employees and further develop its technology. Notably, Dfns completed a $13.5 million seed funding round led by Star Capital in 2022. This latest round indicates investor confidence in Dfns' technology and future development, reflecting the ongoing rise of digital asset trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Dfns is a company focused on crypto wallet technology, which simplifies the building and secure management of digital asset wallets.
Dfns has attracted investments from several institutional investors, including Abu Dhabi sovereign wealth fund ADQ, market maker Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of Galeries Lafayette Group owners.
Dfns' clients include Fidelity International, Zodia Custody, and Bridge, a stablecoin company acquired by Stripe.
Dfns plans to use the new funds to expand its team and further develop its technology.