Venly Raises 21 Million Euros in Series A to Bring More Users Into Web3
April 28, 2022
Venly, a blockchain wallet solution, surpasses 2M users to provide frictionless solutions for game publishers and ecommerce businesses worldwide.
April 28th, Antwerp / Berlin—Venly, a major blockchain technology provider from Belgium, today announces it has secured over €21 million (USD$23 million) in Series A funding, led by Courtside Ventures with participation from Transcend Fund, Coinbase Ventures, Tioga Capital, High-Tech Gründerfonds, Fortino, Plug and Play, Leadblock Partners, Imec Istart, Powerhouse and Alpaca VC. Venly will use the funding to develop products centered around new benefits to Web3 users, with a close focus on gaming as well as eCommerce.
Venly creates powerful tools and products empowering Web2 businesses to leverage Web3 technology and integrate it seamlessly into their own business processes without sacrificing user experience or security.
Their intuitive API platform delivers groundbreaking innovation to prominent companies in the blockchain gaming space, including The Sandbox, Aavegotchi, Bondly, Shopify, and other industry leaders.
While Venly is already very successful today, they raised series A to spearhead their growth further into two industries. Venly will focus on deeper platform integrations within the Gaming industry, so that game studios and publishers can leverage Web3 through a fully compliant no-code solution. eCommerce will be the next priority, representing a strong fit for Venly who has already launched a powerful Shopify integration.
Next to this, Venly will launch an accelerator track for game studios and Web3 startups to support the entire blockchain ecosystem. Startups will be able to use Venly licenses at a discounted rate while getting guidance and investments from the Venly Accelerator team and ecosystem of partners. The third focus point will be to grow and develop the Venly marketplace to make it “the most user-friendly and widely-used option on the market.”
In the coming months, Venly will focus on hiring top talent to continue spearheading innovation, as well as striking new partnerships with industry players. In this sense, launching the accelerator track (aka “Venly Accelerator”) will bring new connections, too.
On the tech side, Venly will be incorporating robust gaming SDKs (Software Development Kits), making gaming its most immediate focus due to fast scaling opportunities. Next, the company will be further developing its marketplace for next-level user experience. By fortifying eCommerce integrations (such as the one that allows Venly users to sell NFTs through Shopify), Venly is signaling its clear focus on eCommerce in the long run.
On the operations side, Venly will also be launching the VENS Token, an internal token to drive loyalty and engagement of the Venly Market users. It will also continue to work hard to keep meeting global compliance requirements.
The problem today is that most developers and end-users have difficulty interacting with Web3 technology. It needs to be more aligned with Web2 usability, which is exactly what the Venly platform provides. Our APIs and services allow a Web2 company to seamlessly integrate with Web3. Moreover, we want to focus on our marketplace for the mainstream users. The Venly NFT marketplace is easier to use than any other platform out there.
Tim Dierckxsens, CEO of Venly
The Venly platform offers game developers the ability to easily launch Web3 experiences. We believe that the next big growth in the NFT ecosystem will come from mainstream users interacting with their favorite IP.
Kai Bond, Partner at Courtside Ventures
Venly (previously Arkane Network) is a blockchain-agnostic technology provider with wallet, NFT, and marketplace services, among others. It offers brands, games, and platforms easy to implement blockchain tech like digital wallets for their end-users.
About the investors
Series A investors include Courtside Ventures, Transcend Fund, Fortino Capital, Alpaca VC, HTGF, Tioga Capital, LeadBlock Partners, Coinbase Ventures, David Majert, Plug and Play, Powerhouse Capital, and Imec.Istart.
Name: Verushka Buonaffina
About High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With around EUR 900 million in total investment volume across three funds and an international network of partners, HTGF has already helped forge more than 650 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and startup experts help guide the development of young companies. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial technology, life sciences, chemistry and related business areas. To date, external investors have injected more than EUR 4 billion into the HTGF portfolio via more than 1,800 follow-on financing rounds. HTGF has also successfully sold interests in more than 150 companies.
Investors in this public-private partnership include the Federal Ministry for Economic Affairs and Climate Action, KfW Capital, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Bank, Deutsche Post DHL, Dräger, 1+1 AG, EVONIK, EWE AG, FOND OF, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.
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