WalletConnect

WalletConnect builds blockchain connectivity and payments infrastructure, including the WalletConnect Network, an open standard that connects crypto wallets to decentralised applications, and WalletConnect Pay, a crypto and stablecoin payments product. Its customers include financial institutions, payment service providers, fintechs and neobanks, retail and institutional wallets, DeFi platforms, gaming platforms and blockchain foundations. It reports more than 35 million users worldwide and over 20 million monthly wallet connections. Pedro Gomes founded the company in 2018, and it operated as Reown for a period. It has raised about $38 million: a $1.25 million seed round in 2021; an $11 million Series A in 2022 led by Union Square Ventures and 1kx; a $12.5 million ecosystem round in November 2022 with Shopify, Coinbase Ventures, ConsenSys and Circle Ventures; and a $13 million Series B in January 2025 led by Union Square Ventures and 1kx with Shopify Ventures, Kraken Ventures and Crypto.com Capital.

Founded
2018
Founders
1
Total funds raised
$37.8M
Rounds
4
Investors
22
Last round
Jan 2025
SectorsFintech, Blockchain, Web3 Infrastructure, Payments, Stablecoins Start-up MapFintech › Crypto & blockchain infrastructure

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Founders

Pedro Gomes
Founder & CEO

Global models 5

Fireblocks
United States · www.fireblocks.com ↗
Sells wallet, connectivity and stablecoin payments infrastructure to banks, PSPs, fintechs and exchanges, the same institutional customers WalletConnect targets.
$1.0BComparable
Consensys
United States · consensys.io ↗
Runs MetaMask and Infura, the wallet and connection layer between users and dapps, and makes money from swap and payment fees and from infrastructure access, much like WalletConnect's network and Pay products.
$726MComparable
Alchemy
United States · www.alchemy.com ↗
Web3 infrastructure provider selling wallet, account and connectivity APIs to wallets, dapps and fintechs so they can plug into blockchains.
$564MComparable
MoonPay
United States · www.moonpay.com ↗
Crypto and stablecoin payments infrastructure built into wallets, dapps and merchants that earns transaction fees, like WalletConnect Pay.
$555MComparable
BVNK
United Kingdom · www.bvnk.com ↗
B2B stablecoin payments infrastructure for PSPs, fintechs and merchants, overlapping directly with WalletConnect Pay's customers and fee model.
$90MComparable

In the same niche 20 others

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Notes: Most funded first

Investors 22

4 rounds, led 3 · 2021–25 British Virgin Islands
Union Square Ventures
3 rounds, led 2 · 2022–25 United States
Coinbase Ventures
2 rounds · 2022 United States
Shopify Ventures
2 rounds · 2022–25 Canada
Series A 2022 United States
BitGo Ventures
Series B 2025 United States
Buckley Ventures
Series A 2022 United States
Circle Ventures
Series A 2022 United States
ConsenSys
Series A 2022 United States
Crypto.com Capital
Series B 2025 Singapore
Everstake
Series B 2025 Ukraine
Fenbushi Capital
Series B 2025 China
Series B 2025 Canada
Foresight Ventures
Series A 2022 Singapore
Global Digital Asset Holdings
Series B 2025 United Arab Emirates
HashKey Capital
Series A 2022 Hong Kong
Series B 2025 France
Kraken Ventures
Series B 2025 United States
Series A 2022 HQ unknown
Semantic Ventures
Series A 2022 United Kingdom
Uniswap Labs Ventures
Series A 2022 United States
Zerion
Series A 2022 United States

Funding rounds 4

DateRoundAmountLead
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