# ThirdWeb

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.thirdweb.com
- Total disclosed funding: $24M
- Latest round: Series A (Aug 25, 2022)
- Investors on record: 6

## About

ThirdWeb is a web3 development platform that simplifies the creation of on-chain applications, games, and agents across Ethereum-compatible chains, leveraging advanced AI-driven tools for developers.Founded in 2021 by Furqan Rydhan, Jake Loo, and Steven Bartlett, ThirdWeb is headquartered in San Francisco, US. The company was established to serve developers by providing tools for on-chain application development. ThirdWeb has secured USD 24.00 mn in Series A funding as of August 2022, led by Haun Ventures, with participation from Coinbase Ventures, Polygon, Protocol Labs, Inc., Shopify, and Shrug Capital.ThirdWeb offers a comprehensive web3 development platform designed to facilitate the creation of on-chain applications, games, and agents across various Ethereum Virtual Machine (EVM)-compatible chains. The core products include the Nebula App, which utilizes advanced AI capabilities to analyze and interact with blockchain data, enhancing the development process by allowing developers to write to blockchains using natural language. Additionally, ThirdWeb provides a suite of developer tools including secure smart contract templates, modular smart contract frameworks, and scalable APIs that support various programming languages such as TypeScript, React, and Unity. Their client base includes developers and businesses engaged in gaming and consumer applications, with a notable focus on simplifying user onboarding through features like in-app wallets and social logins. These products are marketed globally, particularly focusing on North America, Europe, and parts of Asia where blockchain technology is growing rapidly.ThirdWeb's revenue model is based on a tiered subscription structure that caters to varying client needs, ranging from small teams to large organizations. The pricing plans include a Starter package at USD 5.00 per month, which provides essential features, and a Growth package priced at USD 99.00 per month, offering additional support and capabilities. The Scale package targets funded startups and mid-sized businesses for USD 499.00, including enhanced support options and dedicated infrastructure. For large organizations with specific requirements, the Pro package starts at USD 1,499.00, providing custom infrastructure and negotiated volume discounts. Clients engage with ThirdWeb's services through direct subscriptions, enabling them to deploy smart contracts, utilize wallet infrastructure, and access blockchain data, thus generating recurring revenue based on service usage. The diverse range of products and robust support structure positions ThirdWeb as a key player in the web3 development ecosystem, emphasizing reliability and scalability for its users.ThirdWeb plans to utilize the USD 24.00 mn raised in Series A funding for product development. The company is focused on creating new tools aimed at enhancing user interaction and functionality within the web3 space. Additionally, ThirdWeb aims to expand its footprint in North America, Europe, and parts of Asia by the end of 2024, tapping into regions where blockchain technology is rapidly evolving. The funding will support these initiatives to further strengthen its product offerings and market presence.

## Funding rounds

- Series A, Aug 25, 2022, $24M — Coinbase Ventures, Shrug Capital, Protocol Labs, Inc., Shopify, Haun Ventures, Polygon

## Investors

- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- Shrug Capital (https://capitalatlas.ai/funds/shrug-capital) — Series A
- Protocol Labs, Inc. — Series A
- Shopify — Series A
- Haun Ventures (https://capitalatlas.ai/funds/haun-ventures) — Series A
- Polygon — Series A