Web3 digital identity startup Unstoppable Domains raises $65m Series A funding at $1b valuation

Web3 digital identity startup Unstoppable Domains raises $65m Series A funding at $1b valuation

Published: 28-07-2022 11:48:00 | By: Pie Kamau | hits: 304 | Tags:

Unstoppable Domains, the platform for Web3 digital identity with more than 2.5 million registered NFT domains, announced it has closed $65 million in Series A funding at a $1 billion valuation.

The round was led by new investor Pantera Capital with participation from Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, and Alt Tab Capital, along with previous investors Boost VC and Draper Associates. Unstoppable Domains will use the funding to fuel product innovation and grow our partnerships in the web3 space as we continue to build a platform for user-owned and portable digital identity.

Paul Veradittakit, Partner, Pantera Capital: "Unstoppable Domains is rapidly defining a new category of decentralized identity that will change the internet as we know it. We're proud to back Matt and the rest of the team who are making this vision a reality."

Founded in 2018, Unstoppable Domains offers NFT domains that give people full ownership and control of their digital identity. The company has registered 2.5 million domains, which people can use to log into more than 150 Web3 applications, replace lengthy crypto wallet addresses on more than 80 wallets and exchanges, create decentralized websites, and build their web3 identity. Unstoppable Domains has built more than 300 partnerships with leading web3 companies like Polygon, Blockchain.com, MoonPay and more. Unstoppable Domains has generated more than $80 million in sales since launching in 2019.

Matthew Gould, Founder and CEO, Unstoppable Domains: "For too long, companies have controlled people's digital identities, and Unstoppable Domains is putting that power back into the hands of people. As the digital economy becomes a larger part of our lives, it's time for people to own their identity on the internet. We're thrilled to partner with Pantera and other investors who share our vision of onboarding billions of people onto Web3 through NFT domains that unlock user-owned, private, and portable identities."

Unstoppable Domains is a fully remote company and was recently named one of America's Best Startup Employers by Forbes.

www.unstoppabledomains.com