Secures $4.6 Mn USD Combined Seed Funding Round

PRNewswireFebruary 21, 20235 min, the first truly decentralized blockchain infrastructure node provider, has raised $4.6 million USD in a combined seed funding round led by Lemniscap, with participation from CMT Digital Ventures, the LAO DAO, Folius Ventures, TRGC, Metaweb Ventures, Very Early Ventures, Factor Ventures, Fantom Foundation and Unstoppable Domains Ventures, among others.

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.

Across the blockchain sector, the node infrastructure landscape has been largely dominated by a few select industry players. In today’s multi-blockchain environment, there is a pronounced market demand for infrastructure products and services supporting multiple blockchains. Moreover, there is a growing class of fintechs looking to expand their service scope and break into the blockchain space. To do so requires robust, reliable infrastructure.

As a leading Web3 infrastructure company, is focused on building decentralized RPC solutions that don’t rely on centralized services such as Amazon Web Services (AWS). To date, the company has received strong market validation for its ‘Grow’, ‘Access’ and ‘Jumpstart’ solutions from a range of notable industry heavyweights including 1inch, Gnosis, Ethereum Foundation, NEAR and Polygon Labs.

The Gateway Grow solution is built for institutional staking validators across several Proof-of-Stake (POS) 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 Jumpstart enables new blockchains, appchains and protocols to accelerate mainnet launch and drive user adoption.

Cuautemoc Weber, Co-Founder and CEO of 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.”

Roderik van der Graaf, Founder of Lemniscap, said: “At Lemniscap, we have a keen interest in driving forward sophisticated multi-chain infrastructure and tooling. With a set of elite-grade, next-gen tools, Gateway is broadening the inclusivity, availability and reliability of blockchain networks and protocols. The team is composed of distinguished leaders across the fields of blockchain, distributed software, fintech, information security and telecommunications – providing excellent infrastructure solutions tailored to projects’ networking needs, while facilitating a new wave of Web3 innovation.”

For more such Updates Log on to Follow us on Google News Fintech News


Leave a Reply

Your email address will not be published. Required fields are marked *


We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications

FintecBuzz, 2023 © All Rights Reserved