Venly, crypto and NFT-based service provider located in Belgium, revealed that it had secured $23 million in a Series A round-headed by Courtside Ventures. Transcend Fund, Coinbase Ventures, Tioga Capital, High-Tech Gründerfonds, Fortino, Plug and Play, Leadblock Partners, Imec Istart, and Alpaca VC were among the other investors in the round.
The startup hopes to utilize the new capital to develop solutions for web3 users, with an initial focus on gaming and eCommerce. It also aspires to grow its workforce and form new alliances with industry leaders.
According to Tim Dierckxsens, CEO of Venly, the problem today is that most developers and end-users have trouble working with Web3 technology. It has to be better aligned with Web2 usability, which the Venly platform can deliver. Their APIs and services make it possible for a Web2 firm to interface with Web3.