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

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Jan 19, 2022
  • Morningstar Ventures, DFG Group, Woodstock Fund, Spark Digital Capital, Mapleblock Capital took part in round
  • With EAL7 security certification, NGRAVE is safer than any bank or crypto custody solution
  • Offline touch-screen hardware wallet with backup solution preventing loss of keys

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.

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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:

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.

Woodstock Fund Founding Partner Himanshu Yadav added:

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.

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.

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