Privy, a Wallet Infrastructure Platform, Raise Additional $15M for Total $40M to Date Led by RibbitCapital

March 19, 2025

Privy, a provider of embedded wallet and user onboarding infrastructure, has secured additional funding in a round led by Ribbit Capital. Existing investors, including Sequoia Capital, Paradigm, BlueYard, and Coinbase, also participated. The funding brings Privy’s total raised capital to over $40 million, reinforcing its mission to simplify blockchain adoption for developers.

The company enables developers to integrate crypto functionalities into their applications through a single API, allowing them to create wallets, sign transactions, and connect with blockchain networks without added complexity. Over the past two years, Privy has supported more than 50 million accounts across various sectors, including DeFi, payments, social platforms, and gaming. The platform eliminates the need for seed phrases, manual gas fee calculations, and standalone wallet applications, making digital asset interactions more accessible.

About Privy

Privy provides embedded wallet infrastructure and user onboarding solutions for developers building on blockchain. Its API enables seamless integration of crypto transactions, allowing users to buy, sell, and hold tokenized assets within applications. The company serves a broad range of industries, including trading, social media, marketplaces, and payments, supporting teams like Hyperliquid, Farcaster, OpenSea, and Blackbird.

Website: https://www.privy.io/

X: @privy_io

About Investor

Ribbit Capital

Ribbit Capital is a venture capital firm specializing in financial technology investments. Founded in 2012 and headquartered in Palo Alto, California, Ribbit has backed major fintech and crypto companies, supporting innovations that reshape global financial systems.

Location: Palo Alto, California

Website: https://ribbitcap.com/

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