# Narval

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/narval

- Industry: Software
- Headquarters: Paris, France
- Website: www.narval.xyz
- Total disclosed funding: $4M
- Latest round: Seed (Jul 10, 2023)
- Investors on record: 7

## About

Based in Paris, France, and founded in 2022 by its CEO Gregory Jessner, and CTO Matt Schoch, GM NFT trading as Narval operates as a web3 asset management platform that helps its organizations to secure, govern, and use NFTs & digital assets. In July 2023, Narval raised USD 4 million in seed funding led by BlockTower, with participation from Andreessen Horowitz, Bpifrance, Cherry Ventures, and Motier Ventures. Returning investors Fabric Ventures, First Capital, and individual investors also participated in the round. As of July 2023, the company operates in France, and the US.   

GM NFT offers an API platform that enables organizations to create and operate organization-owned wallets on decentralized applications (dApps), games, and web3 social platforms. It supports various key storage and custody options, including MPC (Multi-Party Computation), self-custody, and smart wallets. Additionally, its users can delegate governance votes through Narval's interface, consolidating their Web3 activities into one centralized platform. 

The company plans to use the seed funding to recruit engineers and designers while simultaneously making ongoing platform enhancements and intensifying marketing endeavors.

## Funding rounds

- Seed, Jul 10, 2023, $4M — Bpifrance, Andreessen Horowitz, Cherry Ventures, BlockTower Capital, Fabric Ventures, First Capital, Motier Ventures

## Investors

- Bpifrance — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed
- BlockTower Capital (https://capitalatlas.ai/funds/blocktower-capital) — Seed
- Fabric Ventures (https://capitalatlas.ai/funds/fabric-ventures) — Seed
- First Capital (https://capitalatlas.ai/funds/first-capital) — Seed
- Motier Ventures — Seed