NGRAVE, which previously received funding from Binance Labs, aims to raise $15 million from a Series A investment round.
In the crypto industry, the effects of the collapse of one of the world’s largest crypto exchanges, FTX, continue. Companies that provide crypto services and appeal to users are looking for ways to create a reliable environment. In particular, the crypto exchange Binance came to the fore with its reserve proof system. Among these processes, there has been a great interest in hardware wallets. Investors who want to move away from centralized exchanges turned to wallet platforms. Finally, the hardware wallet NGRAVE came to the fore with the support of Binance Labs.
Hardware Wallet NGRAVE Wants to Raise Funds
Crypto hardware wallet manufacturer NGRAVE aims to raise $15 million in Series A funding. In the company’s investment target, it was stated that the fund had a valuation of $60 million.
NGRAVE, which was previously invested by Binance Labs, started to attract great attention from users and investors. In addition, Binance Labs stated that the company will also prioritize the Series A investment round.
The Belgium-based hardware wallet maker will compete with rivals like Ledger and Trezor. The product, which the company calls zero, is called the coldest wallet.
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