Cryptocurrency wallet infrastructure company Capsule completes financing, led by a16z and Geometry

2023-03-15 09:29:06

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ChainCatcher news, according to The Block, crypto wallet infrastructure startup Capsule has completed a funding round, with the amount undisclosed. Andreessen Horowitz (through its accelerator Crypto Startup School) and Geometry co-led the round, with participation from Spice Capital, Anchorage co-founders Diogo Monica and Nathan McCauley, Celo co-founders Rene Reinsberg and Marek Olszewski, and Sommelier Finance co-founder Zaki Manian. a16z's CSS accelerator program typically invests $500,000 in participating startups in exchange for 7% equity.

Capsule was founded last year by Nitya Subramanian, former product lead of the Layer 1 blockchain Celo, aiming to help developers create wallets with interoperable transactions. The company currently has four employees, and Subramanian is looking to add some engineers. (Source link)

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