Ethereum Web3 Wallet Rainbow Raises $18 Million From Alexis Ohanian’s Seven Seven Six – Bitcoin News - BitcoinEthereumNews.com
The team behind the Ethereum wallet Rainbow anounced the project has raised $18 million in a Series A funding round led by Alexis Ohanian‘s venture capital firm Seven Seven Six. The new financing that follows the startup’s $1.5 million seed round will allow Rainbow to focus on “onboarding the next 100 million users to Web3.” Ethereum-Based Rainbow Wallet Raises $18 Million Rainbow, a non-custodial Ethereum (ETH) wallet that‘s available for iOS and Android devices has anounced the team has raised $18 million in a Series A investment round. The anouncement notes that the financing was led by Alexis Ohanian’s venture capital firm Seven Seven Six. Ohanians Seven Seven Six has been giving a lot of attention to blockchain and Web3 startups during the last year. In mid-December 2021, Seven Seven Six and Polygon anounced a $200 million fund dedicated to advancing Web3 social media. The tech entrepreneur Alexis Ohanian is well known for co-founding the social media and news aggregation web portal Reddit with Steve Huffman and Aaron Swartz. The same month Seven Seven Six and Polygon started the Web3 social media fund, Ohanian invested in a non-fungible token (NFT) project called Heir Inc., a platform that aims to conect loyal fans with