Top security crypto wallet NGRAVE raises $6M in seed round

NGRAVE, the self-described “coldest” crypto hardware wallet, finalized a seed round fundraise of $6 million, Invezz learned from a press release. The wallet creator attracted interest from well-known investors such as Morningstar Ventures, DFG Group, Woodstock Fund, Spark Digital Capital, Mapleblock Capital, Moonrock Capital, and a number of private angel investors and key opinion leaders.

Disrupting security and user experience

NGRAVE makes a powerful impression on the market by truly disrupting security and user experience when it comes to crypto storage solutions. Moreover, it features EAL7 security certification, which makes it safer than any bank or crypto custody solution, including Trezor. NGRAVE won the AIBC Summit 2021 crypto wallet of the year award for its top-notch security.

Seed round funds used to grow team

The platform will use the $6 million seed funding round to grow its team and widen its global reach. At the moment, their product is sold out in 90 countries. There is a wait list to sign up. This year, NGRAVE will organize an even bigger funding round.  

Meeting high global demand for more secure crypto storage

NGRAVE will cater to demand and fortify its global brand and presence by setting up hubs all over the world. It aims to carry out multiple experiments to complete its vision of developing a full-scale ecosystem.

NGRAVE CEO and Cofounder Ruben Merre commented:

Woodstock Fund Founding Partner Himanshu Yadav added:

About the NGRAVE wallet

The NGRAVE wallet is a three-tier solution comprised of ZERO, an offline touch-screen hardware wallet where you can store and transact your crypto securely; GRAPHENE, a backup solution that ensures users never lose their keys; and LIQUID, a mobile app connecting users to the blockchain in real time without exposing their private keys.