Web3 startup Unstoppable Domains closes $65M Series A round at $1B valuation
Unstoppable Domains, a platform for Web3 digital identity, has announced the closing of a $65 million Series A round at a $1 billion valuation, as the company told AIN.Capital. The round was led by the US investment firm Pantera Capital.
- Founded in 2018 by Matthew Gould and Ukrainian Bohdan Gusiev, Unstoppable Domains is the US Web3 startup with an R&D center in Kyiv, Ukraine, that offers NFT domains that give people full ownership and control of their digital identity.
- The startup has already registered 2.5 million domains, which people can use to log in over 150 Web3 applications, replace lengthy crypto wallet addresses on more than 80 wallets and exchanges, create decentralized websites, and build their web3 identity.
“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,”Matthew Gould, Founder and CEO of Unstoppable Domains, said.
- The lead investor Pantera Capital is the US institutional investment firm focused on bitcoin, other digital currencies, and companies in the blockchain tech ecosystem. In 2013, Pantera launched the first cryptocurrency fund in the United States — bitcoin was at $65/BTC then.
- Other investors include 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 ones Boost VC, and Draper Associates.
- Unstoppable Domains will use the funds to fuel product innovation and grow the company’s partnerships in the web3 space as it continues to build a platform for user-owned and portable digital identity.