# Web3Auth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/web3auth

- Industry: Software
- Headquarters: Singapore
- Website: https://web3auth.io/
- Total disclosed funding: $16M
- Latest round: Series A (Dec 15, 2021)
- Investors on record: 25

## About

Based in Singapore, and founded in 2018, Torus Labs Private Limited, doing business as Web3Auth, operates as a blockchain technology firm that offers crypto onboarding solutions. The company was founded by its CEO, Zhen Yu Young. In December 2021, Torus Labs Private Limited raised USD 13.78 million in Series A funding led by Sequoia Capital, 6th Horizon, Alameda Capital, Argonautic Ventures, and Coinbase Global, Inc. The Series A funding values Torus Labs Private Limited at USD 63.04 million post-money.

Web3Auth offers a self-custodial wallet-as-a-service (WaaS) infrastructure platform, which is a Web3-based wallet infrastructure platform that provides non-custodial key infrastructure solutions for web3 apps, dApps, and wallets and develops various SDKs (software development kits) like web SDKs, mobile SDKs (Android, iOS), and gaming SDKs. The platform offers multiple features and solutions, such as password-less authentication solutions; a Torus wallet for purchasing digital currencies; multi-party computation (MPC) solutions; account abstraction (AA), a blockchain system that allows users to use smart contract wallets; Multi-Factor Authentication (MFA) solutions; and many more.

## Funding rounds

- Series A, Dec 15, 2021, $14M — Hong Shan, Alameda Capital, Union Square Ventures, Coinbase Global, Inc., Accomplice, Fenbushi Capital, Bitcoin.com.au, Argonautic Ventures, Multicoin Capital, Binance Asia Services Pte. Ltd., LD Capital Culture Investment, Kosmos Capital Management, DARMA Capital, P2P Capital, Phoenix VC, Kyros Ventures, 6th Horizon, Hash Global, Minted Labs, Terabyte, Staking Facilities Ventures, Chainstry Inc., YBB Capital
- Seed, Apr 6, 2019, $1.5M — Accomplice, Argonautic Ventures, Multicoin Capital, Coinbase Ventures, YZi Labs, 6th Horizon
- Seed, Oct 10, 2018, $0.5M — YZi Labs

## Investors

- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Seed, Series A
- Argonautic Ventures (https://capitalatlas.ai/funds/argonautic-ventures) — Seed, Series A
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed, Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- 6th Horizon — Seed, Series A
- Hong Shan — Series A
- Alameda Capital — Series A
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A
- Coinbase Global, Inc. — Series A
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A
- Bitcoin.com.au — Series A
- Binance Asia Services Pte. Ltd. — Series A
- LD Capital Culture Investment (https://capitalatlas.ai/funds/ld-capital-culture-investment) — Series A
- Kosmos Capital Management — Series A
- DARMA Capital — Series A
- P2P Capital — Series A
- Phoenix VC (https://capitalatlas.ai/funds/phoenix-vc) — Series A
- Kyros Ventures (https://capitalatlas.ai/funds/kyros-ventures) — Series A
- Hash Global (https://capitalatlas.ai/funds/hash-global) — Series A
- Minted Labs — Series A
- Terabyte — Series A
- Staking Facilities Ventures (https://capitalatlas.ai/funds/staking-facilities-ventures) — Series A
- Chainstry Inc. — Series A
- YBB Capital (https://capitalatlas.ai/funds/ybb-capital) — Series A