2 years ago

Pimlico Secures £3.4M Seed Funding from a16z for Crypto Infrastructure Development

  • London-based crypto startup Pimlico has raised £3.4 million ($4.2 million) in a seed funding round led by a16z

  • The company provides infrastructure for developers building decentralised products and services, aiming to simplify the crypto user experience

  • This marks a16z's first investment out of its new London office

  • Pimlico previously raised $1.6 million in a pre-seed round in September.

      • ProblemTechnology

      "making crypto UX simpler and easier"

      Solution

      "offering services like gas fee sponsorship, payment with ERC-20 tokens, social recovery schemes, batched transactions, spending limits, and different account access levels"

      Covered on