Crypto wallet Ultimate closes its Series A on $12.8m

Crypto wallet Ultimate closes its Series A on $12.8m

Ultimate, which offers a crypto wallet designed for decentralised finance, has raised $12.8m in its Series A round.

Lightspeed Venture Partners served as the lead investor. The round was joined by existing investors Speedinvest, Rockaway Blockchain Fund, Backed, Inflection, Discovery Ventures, Fabric Ventures and newly added Anagram.

Ultimate’s mission is to bring decentralised finance to the masses. Its mobile app offers access to a curated set of DeFi protocols, which are natively integrated to provide a seamless investing and trading experience.

Through the app, users can also buy and sell tokens, track and follow wallets, watch portfolios and NFT collections and more.

It currently has over 300,000 beta users registered to its waitlist. The platform plans to launch the beta in the coming days. It will then aim to hold a public launch later this year.

Ultimate co-founder and CEO Maximilian von Wallenberg-Pachaly said, “We are proud and excited to attract such prominent investors, especially during this tough market environment. With this funding, we’ll pursue our mission to bring DeFi to retail investors around the world with our app Ultimate. We’d like to thank both our old and new investors for their vote of confidence and trust in both our product and our mission.”

Speaking on the deal, Lightspeed Venture Partners advisor Banafsheh “B” Fathieh said, “From our first conversations with the Unstoppable Finance founders we recognized a strong team with a big vision. Max, Peter and Omid have an impressive track record of building great FinTech and Crypto products and we are very confident that they’ll build the missing conduit between the DeFi world and retail investors.”

The company previously raised €4.5m in its seed round in October 2021, which helped it grow its team to 25 people.

Earlier in the week, Airswift closed its pre-seed funding round on $2m. The company is pioneering Web 3.0 native payment solutions. Its services include an easy-to-use on-chain payment gateway that allows merchants to accept both crypto and fiat currency, enabling frictionless purchases with digital assets.

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