Fordefi Overview
Fordefi's platform is an institutional multi-party computation (MPC) wallet built for firms transacting on decentralized applications across blockchains. The solution delivers insights into transactions, translating smart contracts into language that users can understand, simulating every transaction in advance, and independently verifying dApp names. Its advanced MPC key management capabilities are built to protect against any single point of failure, and the platform's policy management capabilities offer users the ability to create and define their own workflows, proactively protecting themselves from both internal and external vulnerabilities.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Fordefi Raises $18M Seed Round to Launch Institutional DeFi Wallet and Security Platform
Fordefi, a financial technology and software company, has announced an $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps). The investors of the firms initial capital raise include Lightspeed Venture Partners, Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital, and StarkWare. The Fordefi platform aims to address the challenges of institutional-grade security and smart contract transparency in decentralized finance (DeFi). It offers a secure and seamless way for crypto-native institutions to connect to dApps and access new opportunities in DeFi while ensuring asset protection. The platform provides insights into transactions, advanced MPC key management capabilities, and customizable policy management features.
Investment
| Sector | Business Software |
Funding
| Total funding | $18M |
| Last funding | $18M |
| Stage | Seed |
| Rounds | 1 |
| Investors | 12 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | www.fordefi.com/ |
| Careers | Careers page |
Locations
Tel Aviv-Yafo, Israel
New York, NY, USA
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