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Portal Labs - Undisclosed
Overview
About Portal Labs - Undisclosed
Portal, a Web3 wallet infrastructure startup, has raised $5.3 million in a funding round that included Slow Ventures and Haun Ventures, the venture capital firm founded by Andreessen Horowitz alum Kaite Haun. Other backers in the round were Acrew Capital, Chapter One and a number of angel investors, including William Hockey (co-founder of fintech company Plaid), Henrique Dubagras (co-founder of corporate credit firm Brex), and Diogo Monica, founder of institutional crypto platform Anchorage Digital.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2011 | 38 | jill@slow.co. | ||
| Fund | United States of America | -- | 21 | -- | ||
| Fund | United States of America | 2019 | 18 | -- | ||
| Fund | United States of America | -- | 22 | -- | ||
| Angel Investor | Unknown | -- | 4 | -- | ||
| Angel Investor | United States of America | -- | 1 | -- | ||
| Angel Investor | United States of America | -- | 10 | -- |
Founders & Team
Raj Parekh
David Scrobonia
Company Profile / Project Introduction
Portal lab is a Web3 wallet infrastructure startup. They leverage advanced cryptography to build powerful seedless wallets for users. San Francisco-based Portal offers wallet infrastructure and a decentralized application (dapp) store that enables projects to become a Web3-enabled app. The developer kit helps Portal partners easily connect to protocols and dapps either directly or from a mobile or desktop browser. Portal’s embedded wallet uses multi-party computation (MPC), a type of cryptography that removes the need for complicated seed phrases – a hurdle for non-crypto native users – without compromising security.