New Crypto Self-Custody Challenger NGRAVE raises $6M In seed round
Zonhoven, Belgium, 19th January, 2022,
NGRAVE, the Belgian based “Coldest” Crypto hardware wallet provider, has completed a seed round fundraise to the tune of $6 million. The Coldest Wallet creator noted strong interest from renowned DeFi and Web3 investors, including Woodstock Fund, Morningstar Ventures, DFG Group, Spark Digital Capital, Moonrock Capital, Mapleblock Capital, and multiple private crypto C-level angel investors as well as top crypto key opinion leaders.
NGRAVE makes a strong market impact by truly disrupting security and user experience where crypto storage solutions are concerned. In addition, it is the most secure financial product globally boasting the EAL7 security certification, making it safer than any bank-or crypto custody solution, including market leaders Ledger (EAL5+) and Trezor (no certification). Moreover, NGRAVE won the AIBC Summit 2021 crypto wallet of the year award, as it provides top-notch security without compromising the user experience.
Earlier in 2020, NGRAVE launched the most successful crypto wallet pre-order campaign on IndieGogo and Kickstarter ever, allowing the company to raise $450,000 from 1,225 backers, who meanwhile have all received their orders.
The $6 million seed funding round enables NGRAVE to expand the team and increase its global reach. The product is currently sold out due to strong demand. Users can sign up for the waitlist and secure their spot in the queue. Furthermore, NGRAVE will organize a new and more significant funding round in 2022 to keep pushing the boundaries of innovation.
NGRAVE’s “Coldest Wallet” has been sold across 90 countries, confirming global demand for more secure crypto storage solutions. By setting up hubs worldwide, NGRAVE will solidify its global brand and presence. While the company was founded in the middle of the 2018-early 2020 crypto winter, NGRAVE aims to set up multiple experiments to complete its vision of developing a full-scale ecosystem.
NGRAVE CEO and Co-founder Ruben Merre adds: “Having experienced crypto hacks ourselves, we made it our mission to provide the crypto community the security comfort it deserves. That’s why we innovated to the extreme on both security and user experience. This seed round represents the kickstart for our exponential growth stage and with the backing of several strategic investors, we are confident that 2022 will be a breakthrough year for NGRAVE.”
Woodstock Fund Founding Partner Himanshu Yadav comments: “When you bring the world’s best entrepreneurs, innovators, scientists, and business experts together to solve a crucial problem in the digital assets space, you create the most secure product for millions of users and thousands of enterprises. That is what NGRAVE is all about and why it is a no-brainer investment for us.”
How it Works:
NGRAVE’s product suite is a 3-tier solution. ZERO, the offline touch-screen hardware wallet allows users to securely store and transact their crypto.
GRAPHENE, the stainless steel encrypted backup solution ensures that users never lose their keys. It is not only made to withstand extreme conditions, but also designed to be recoverable in the event of loss.
Last but not least, LIQUID is the convenient mobile app that connects users real-time to the blockchain without ever exposing their private keys.
Founded in 2018, NGRAVE is a digital asset security provider offering user-friendly maximum security solutions for blockchain and crypto use cases. Its flagship product – crypto hardware wallet “NGRAVE ZERO” – is the only financial product in the world that features the highest security certification: EAL7. NGRAVE is partnered with the world’s top tier in nano- and chip technology, cryptography and hardware security, and counts among its advisors several blockchain pioneers such as Jean-Jacques Quisquater, famous cryptography professor and second reference of the bitcoin paper.
- Ruben Merre