What is Fun?
Founded in 2022, fun.xyz is at the forefront of developing cross-chain wallet infrastructure, leveraging new blockchain technology in partnership with Odsy Network. The company provides foundational components, including new wallet APIs and protocols, enabling developers to create enhanced user experiences. This strategic positioning in the DeFi space aims to simplify and secure digital asset management for a broader audience, addressing the complexities of interoperability across different blockchain networks.
How much funding has Fun raised?
Fun has raised a total of $75.9M across 1 funding round:
Other Financing Round
$3.9M
Other Financing Round (2022): $3.9M with participation from Great Oaks Venture Capital, Soma Capital, Nomo Ventures, and JAM Fund
Key Investors in Fun
Great Oaks Venture Capital
Great Oaks Venture Capital is an early-stage investment firm that supports founders building transformative companies across various sectors, with a focus on software, healthcare, financial services, marketplaces, and enterprise solutions. They provide capital and hands-on support from Pre-Seed to Series A rounds.
Soma Capital
Soma Capital focuses on building deep relationships with exceptional individuals driving progress, offering a fellows program for emerging talents and showcasing a portfolio of innovative startups. Their mission emphasizes collaboration and friendship from the outset.
Nomo Ventures
NOMO Ventures is a pre-seed venture capital fund that invests in early-stage companies with innovative business models, aiming to identify and nurture startups that may be overlooked by traditional venture capitalists. Their portfolio includes companies in expense reporting, international payments, and gaming payments infrastructure.
What's next for Fun?
The enterprise-level funding context suggests fun.xyz is poised for significant scaling and further development of its core infrastructure. This strategic investment is likely to fuel product expansion, enhance security protocols, and broaden market reach within the DeFi sector. The company's focus on building robust wallet APIs and protocols indicates a commitment to becoming a key enabler for the next generation of decentralized applications and services, positioning it for sustained growth and innovation in the competitive blockchain landscape.
See full Fun company page
