Gateway.fm, a decentralised blockchain infrastructure node provider, has scored $4.6m in a seed funding round led by Lemniscap.
Also participating in the round was CMT Digital Ventures, Foilus Ventures, TGRC, Metaweb Ventures, LAO DAO, Fantom Foundation, Factor Ventures, Very Early Ventures, Unstoppable Domains Ventures and others.
According to FinTech Finance, Gateway.fm is focused on building decentralized RPC solutions that don’t rely on centralized services such as Amazon Web Services.
The company’s Gateway Grow solution is built for institutional staking validators across several Proof-of-Stake chains like Ethereum, Gnosis and IXO. Gateway Access is the company’s dedicated, cost-effective RPC node service built for scale, which currently supports ETH, Fantom, NEAR and Gnosis.
Gateway.fm claims that the funding will be used to expedite product development and the provision of advanced staking services while driving user acquisition and recruitment efforts, with a particular emphasis on scaling the company’s engineering department.
Gateway.fm CEO and co-founder Cuautemoc Weber said, “Today’s announcement represents a firm stamp of approval for our product suite from a collection of top global investment visionaries. Alongside Igor Mandrigin, my Gateway co-founder and CTO, I’ve felt that the spirit of decentralisation at the heart of the Web3 movement has been undermined by limited access to scalable infrastructure. No more.
“We want to provide reliable node infrastructure, best-in-class validators and robust dev tooling to help Web3 projects scale at pace, while enticing financial institutions and enterprises to explore blockchain technology with confidence.”
Fabacus, a software-as-a-service platform for the licensing industry, has raised £4.5m from an investment round led by WealthClub.
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