New Safle Multi-Blockchain Identity Solution Successfully Closes Funding Round Led by MapleBlock, GSR, Sanctum and Ghaf Capital Partners
Safle, a novel industry-level blockchain wallet and infrastructure platform, has successfully concluded its private funding round supported by top VCs and angel investors.
Safle Next Generation Multi-Channel Portfolio Raises $ 4 Million
According to a press release shared with U.Today, Safle, a non-custodial wallet and standalone identity solution for various blockchains, has closed its private token sale.
The round was co-led by MapleBlock, GSR and Ghaf Capital Partners with AU21 Capital, Momentum6, NFT Tech and New Tribe Capital also backing the startup in its fundraising efforts.
Safle has also caught the attention of leading angel investors, including Ravindra Kumar (founder and CEO of Frontier Wallet), Sasha Antropov (co-founder of Purefi), Alex Man (partner of Jun Capital), Mike Miglio (founder of Bridge Mutual), Ritesh Malik (founder at Innov8) etc.
In October 2021, the project raised $900,000 in seed funding from a cohort of iconic VCs, such as Draper Dragon Fund, Woodstock Fund and founders of Polygon Network (formerly Matic Network).
SAFLE IDO on Polkastarter is in the cards
Investors are excited about the prospects for Safle as a concept and its token, SAFLE. Mapleblock’s Vijay Garg points out that the superior user interface will allow Safle to welcome new customers:
The Safle team has a strong focus on improving the DeFi user experience through their wallet. Their UI/UX felt much superior to many of the existing solutions in the space. We also strongly believe in their vision to create an on-chain identity that spans across multiple chains while retaining full custody of their assets at all times.
After two successful funding rounds, the Protocol finally scheduled its initial decentralized exchange offering on the main Polkastarter launch pad.
The IDO has set a fundraising goal of $550,000.
Safle will create a crypto wallet and DID solution for the many EVM compatible blockchains, including Ethereum, Polygon, Velas, Avalanche, Near, Binance Smart Chain, etc.
