Wallet Infrastructure Provider Privy Raises $15M to Develop Cryptocurrency Connectivity API

Cryptocurrency wallet infrastructure provider Privy raises $15 million to develop cryptocurrency solutions

The company said the funding would bring its total raised to more than $40 million.

Jamie Crowley | Edited by Sheldon Rebeck on March 19, 2025, 16:37 UTC

Key points:

• Cryptocurrency wallet infrastructure company Privy has raised nearly $15 million in funding led by Ribbit Capital.
• According to the company, current investors Sequoia Capital, Paradigm, BlueYard and Coinbase also participated in this investment round.
• Privy provides developers with application programming interfaces that they can use to create functions on the blockchain, allowing end users to buy, sell, and store cryptocurrency.

Privy, a cryptocurrency wallet infrastructure provider, has raised nearly $15 million in an investment round led by Ribbit Capital.

The company, which announced its funding on Wednesday, offers developers an API to manage and integrate user data, allowing its customers to provide crypto services and other features on the blockchain so end users can transact in cryptocurrency.

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“The companies that emerge from early crypto rail adoption will not only be successful, but will change the way value is created and exchanged globally,” said a Privy spokesperson. “However, this future depends on one key condition: making it easy for developers to build seamless and secure solutions on crypto rails.”

The size of the round was not disclosed, though Privy said the new investment brings its total funding to more than $40 million. Privy had previously raised $26.3 million in its first two rounds, according to startup platform Tracxn, which estimates the latest investment is about $15 million.

Existing investors Sequoia Capital, Paradigm, BlueYard, and Coinbase also participated in the round. Privy's valuation in the round was also not disclosed.

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