August 30, 2022

POC-Led Web3 Startup Raises $24M In Series A Funding

Black-owned startup, thirdweb, has raised $24 million in investment funding. The funding round led by Haun Ventures, Coinbase Ventures, Shopify, and Polygon, also included Shrug VC, Joseph Lacob, and others. 

The ground-breaking tech startup founded by Steven Bartlett and Furqan Rydhan aims to provide developers with a Web3 development kit to help reduce the time and cost of building and launching applications. 

The developer tool assists programmers in building NFTs, marketplaces, DAOs, and more. 

“Web3 is the most important technological shift I’ve witnessed in my lifetime,” said Steven Bartlett, co-founder of thirdweb. 

“We built thirdweb to give the builders that are creating this next iteration of the internet the tools they need to be successful, and when they are successful, the world as we know it will be remarkably different – remarkably better. I don’t think anybody quite realizes how much Web3 is going to change the world.”

According to the platform, thirdweb is on a mission to accelerate the next generation of the internet. As the world still comes to terms with the development of Web3 and the changes it brings, thirdweb plays a critical role in providing builders with the necessary tools needed to accelerate them as they build the world-changing businesses that will change the internet forever. 

Thirdweb will use the funds to help expand its vision and accelerate platform development to meet increasing demand. 

In addition, the founders hope to grow their user base by onboarding hundreds of thousands of new brands, individuals, and creators operating in Web3.

Kumba Kpakima

Kumba Kpakima is a tech reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.