Integral, a real-time finance platform for web3 enterprises, has raised $8.5m in a fresh funding round.
Electric Capital served as the lead investor. Other commitments came from Coinbase CTO Balaji Srinivasan, Color Genomics co-founder Elad Gil, Hustle Fund, Mantis, Maple VC, Anchorage founder Diogo Monica, Dapper Labs founder Roham Gharegozlou, and more.
Integral offers enriched financial data in a real-time collaborative interface. It helps web3 teams minimise their risk while deploying their treasury intentionally and in real-time.
Over the past five months, the platform has helped companies process $5bn in crypto accounting transactions, while working with some of the largest web3 companies.
The company is driven by the belief that real-time finance is an edge for web3 and web2 organisations. Real-time profit and loss statements mean quicker and better decisions, it said.
Furthermore, real-time case flow reporting assures transparency from boardrooms to DAO communities, and real-time balance sheets allow better use of treasury.
Integral founder Gui Laliberte said, “Real-time finance is essential for web3 companies. In web2, insights come 7-30 days after the month-end. In web3, 30 days could be the difference between owning $10M and $5M worth of crypto assets.”
Electric Capital co-founder and partner Avichal Garg said, “Real-time finance is essential for any serious project in web3 and for any web2 company that is starting to explore Web3. All companies and protocols will need fast, scalable financial tools to stay ahead of the competition.”
Integral is currently offering early access passes to web3 companies, DAOs, and web2 companies with crypto ambitions and crypto treasuries over $10m.
Earlier in the year, Cogni, a digital banking platform aimed at enhancing consumer lifestyles, raised $23m in Series A funding. The FinTech company is focussed on bridging the gap between Web2 and Web3 capabilities for an “optimal modern customer experience.”
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