Fordefi builds a self-custodial MPC wallet platform. The company is extending its MPC wallet product to retail-facing platforms such as trading platforms and fintech platforms. Fordefi recently completed a $10M financing led by Electric Capital, with Paxos and Alchemy participating. In November 2022 the company raised an $18M seed round led by Lightspeed Venture Partners. Participants in that seed included Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital, and StarkWare. Fordefi provides an institutional MPC wallet platform and Web3 gateway that enables institutions to connect to dApps across a wide range of chains while keeping digital assets secure. Its platform offers MPC key management, self-serve DeFi policy controls, time-of-transaction smart contract insights, transaction simulation and risk alerts. The company targets institutional DeFi users and emphasizes security and policy controls for enterprise workflows. Fordefi intends to use the Seed proceeds to cement its strategic position, accelerate growth and expand its business reach. Leadership includes Josh Schwartz (CEO), Dima Kogan (CTO) and Michael Volfman (VP of Research and Development). The company is based in New York and Tel Aviv, Israel.

Total raised

$28M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2024