Privy secures over $40m in funding to expand crypto infrastructure

Privy has announced a new funding round led by Ribbit Capital, with continued support from Sequoia Capital, Paradigm, BlueYard, and Coinbase.

The fresh investment brings the company’s total funding to over $40 million, reinforcing its mission to simplify crypto integration for developers.

Privy provides API-based infrastructure for user onboarding and embedded wallets, enabling developers to create seamless experiences on blockchain rails. 

50 million accounts powered 

The company has powered over 50 million accounts across payments, DeFi, social, and gaming, offering wallet solutions that eliminate complexities such as downloads, seed phrases, and gas fees.

The investment will help Privy scale its infrastructure, improve security, and enhance real-time transaction capabilities. 

The company serves a growing customer base, including Hyperliquid for trading, Farcaster for social, OpenSea for marketplaces, and Blackbird for payments.

Privy’s latest funding reflects a broader trend of expanding financial applications on blockchain networks. With Ribbit Capital’s backing, the company aims to make digital asset transactions more accessible for developers and users alike.