NGRAVE has positioned itself as the “Coldest” crypto hardware wallet providerr. The company’s strong focus on security and the user experience has attracted attention from investors worldwide. The $6 million seed round fundraise will help the company enhance its product and solidify its market position.
NGRAVE Improves Crypto Storage Solutions
Many companies provide support for crypto storage through what is known as “hardware wallets. However, there is always room for future improvements, and NGRAVE specializes in enhancing the security and user experience. The company has the most secure financial product, which achieved the EAL7 security certification. Its “Coldest” wallet is more secure than any of the current bank or crypto custody solutions. Moreover, NGRAVE beats renowned competitions like Ledger and Trezor for EAL security certification.
With $6 million in seed funding secured, investors confirm NGRAVE’s vision for more secure crypto storage solutions. Renowned Web3 and DeFi investors contributed, including Woodstock Fund, Morningstar Ventures, Spark Digital Capital, and multiple private C-level angel investors.
The funds will help the team grow and increase its global presence. Moreover, the NGRAVE wallet is currently sold out due to overwhelming demand, although a waitlist is available. A limited second run of hardware units will go out to waitlist users in early 2022.
Woodstock Fund Founding Partner Himanshu Yadav states:
“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.”
Since launching the most successful crypto wallet pre-order campaign on IndieGogo and Kickstarter, the company has noted ongoing growth and success. Raising $450,000 from 1,225 backers was an integral first step for NGRAVE, paving the way for winning the AIBC Summit 2021 crypto wallet of the year award. In addition, the team was praised for its top-notch security without sacrificing the user experience front.
Secure Crypto Storage Demand Continues To Swell
The product launch of NGRAVE’s “Coldest” wallet has yielded strong sales across 90 countries. Establishing a global presence in this space is crucial, especially with cryptocurrency adoption becoming more mainstream in 2021 and beyond. NGRAVE will establish hubs worldwide to strengthen its global branding and presence. The success of this company is remarkable for another reason, as NGRAVE was founded during the crypto winter of 2018-early 2020.
NGRAVE CEO and Co-founder Ruben Merre states:
“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.”
The three-tiered solution by NGRAVE consists of an offline touch-screen hardware wallet, a stainless steel encrypted backup solution, and a convenient mobile app. Together, ZERO, GRAPHENE, and LIQUID form the cornerstone of the NGRAVE product suite. Each tool is designed to provide the most optimal security and best user experience for novice and advanced enthusiasts alike.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
