Brussels, Jan. 19, 2022 — Ngrave, the Belgium-based “Coldest” crypto hardware wallet provider, has completed a seed round fundraise to the tune of $6 million. The Coldest Wallet creator noted strong interest from renowned decentralized finance and Web3 investors, including Woodstock Fund, Morningstar Ventures, DFG Group, Spark Digital Capital, Moonrock Capital, Mapleblock Capital and multiple private crypto C-suite angel investors as well as top crypto key opinion leaders.
Ngrave is making a strong market impact by truly disrupting security and user experience where crypto storage solutions are concerned. In addition, it is the most secure financial product globally, boasting the EAL7 security certification, making it safer than any bank or crypto custody solution — including market leaders Ledger (EAL5+) and Trezor (no certification). Moreover, Ngrave won the AIBC Summit 2021 “Crypto Wallet of the Year” award, as it provides top-notch security without compromising user experience.
Earlier, in 2020, Ngrave launched the most successful ever crypto wallet pre-order campaign on Indiegogo and Kickstarter, allowing the company to raise $450,000 from 1,225 backers, who, meanwhile, have all received their orders.
The $6 million seed funding round enables Ngrave to expand the team and increase its global reach. The product is currently sold out due to strong demand. Users can sign up for the waitlist and secure their spot in the queue. Furthermore, Ngrave will organize a new, more significant funding round in 2022 to keep pushing the boundaries of innovation.
Ngrave’s “Coldest Wallet” has been sold across 90 countries, confirming global demand for more secure crypto storage solutions. By setting up hubs worldwide, Ngrave will solidify its global brand and presence. While the company was founded in the middle of the crypto winter of 2018 to early 2020, Ngrave aims to set up multiple experiments to complete its vision of developing a full-scale ecosystem.
Ngrave co-founder and CEO Ruben Merre added: “Having experienced crypto hacks ourselves, we made it our mission to provide the crypto community the security comfort it deserves. That’s why we innovated to the extreme on both security and user experience. This seed round represents the kickstart for our exponential growth stage, and with the backing of several strategic investors, we are confident that 2022 will be a breakthrough year for Ngrave."
Woodstock Fund founding partner Himanshu Yadav commented: “When you bring the world’s best entrepreneurs, innovators, scientists and business experts together to solve a crucial problem in the digital assets space, you create the most secure product for millions of users and thousands of enterprises. That is what Ngrave is all about and why it is a no-brainer investment for us.”
How it works
Ngrave’s product suite is a three-tier solution. Zero is the offline touch-screen hardware wallet that allows users to securely store and transact their crypto.
Graphene is the stainless steel encrypted backup solution that ensures users never lose their keys. It is not only made to withstand extreme conditions but also designed to be recoverable in the event of loss.
Last but not least, LIQUID is the convenient mobile app that connects users in real time to the blockchain without ever exposing their private keys.
Founded in 2018, Ngrave is a digital asset security provider offering user-friendly maximum-security solutions for blockchain and crypto use cases. Its flagship product — crypto hardware wallet “Ngrave Zero” — is the only financial product in the world that features the highest security certification, EAL7. Ngrave is partnered with the world’s top tier in nano- and chip technology, cryptography and hardware security, and counts among its advisers several blockchain pioneers such as Jean-Jacques Quisquater, the famous cryptography professor and second reference of the Bitcoin white paper.
Ruben Merre, CEO and co-founder