VC Fund Investments
Web3 platform Liminal rises $4.7 M led by Elevation Capital
Digital asset management platform Limina, operated by Singapore-headquartered First Answer Pte Ltd, has raised USD 4.7 million in its seed round, led by Elevation Capital and participation from Nexus Ventures, Sparrow Capital and Better Capital. Web3/Cryptocurrency-focused investors including LD Capital, Woodstock, Coindcx, Hashed, Cadenza Ventures, Vauld also participated. UK-based bitcoin advocate and tech entrepreneur Andreas Antonopoulos; Balaji Srinivasan, former chief technology officer of Coinbase; Sandeep Nailwal and Jaynti Kanani, the cofounders of Polygon Technologies, and Ajeet Khurana, founder of Singapore based Reflexical, were among the angel investors. The company was founded in 2021 and is led by Mahin Gupta, who earlier co-founded crypto exchange ZebPay. It offers wallet architecture to help secure digital assets across different blockchains. It provides support to exchanges by eliminating manual operations by 90% and saving manual refill hours. The startup plans to utilise the capital to hire more and for product development.
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