What is Roll?
Established in 2018, Roll provides custodial Ethereum wallets designed for seamless sending and receiving of social money within the Ethereum blockchain and the broader Roll network. The platform facilitates the creation and management of digital assets, enabling users to engage with decentralized applications and economies more intuitively. Roll's focus on social money and network integration positions it as a key player in the evolving landscape of digital finance and Web3 applications.
How much funding has Roll raised?
Roll has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2021): $10M with participation from IOSG Ventures, Huobi Ventures, Alchemy, Mischief Fund, Animoca Brands, and Weekend Fund
Key Investors in Roll
IOSG Ventures
IOSG Ventures is a research-driven investment fund established in 2017, focusing on Web3 infrastructure, middleware, security, and social consumer applications. They support early-stage founders and developers with funding and extensive resources.
Animoca Brands
Animoca Brands is a Hong Kong-based company co-founded in 2014, known for its shift to blockchain gaming and NFTs. They invest in digital property rights and the open metaverse, supporting innovative projects in the Web3 space.
Weekend Fund
Weekend Fund provides seed funding to early-stage startups globally, focusing on both consumer and B2B sectors. They leverage a network of founders and operators to support portfolio companies with product development and go-to-market strategies.
What's next for Roll?
With the recent strategic investment, Roll is poised to further enhance its platform capabilities and expand its user base. The company's focus on social money and custodial wallets suggests a strategy aimed at simplifying cryptocurrency interactions for a wider audience. Future developments are likely to involve deeper integration with decentralized finance (DeFi) protocols, enhanced security features, and the expansion of its social token ecosystem. This funding round signals strong investor confidence in Roll's vision and its potential to capture a significant share of the growing digital asset market.
See full Roll company page
