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Crypto wallet funding: 20 rounds, $46.5M, 3 teams took 84%

By NAUT Research · · 8 min read

$46.5M Crypto wallet funding across 20 rounds at 9 wallet companies since 1 January 2024, 18 disclosed an amount. Logos: WalletConnect, Gelato Network, Takenos, Plena Finance, Bitget Wallet (prev. BitKeep), xRaise, Wirex, Backpack, Tria.

NAUT tracks 20 crypto wallet funding rounds announced since 1 January 2024 at 9 live wallet companies, and the 18 rounds that disclosed an amount raised $46,506,808. WalletConnect, Gelato Network and Takenos account for $39M of that figure, 84% of it, and the largest single round on the record is WalletConnect's $13M Series B.

Data as of 11 November 2026, from NAUT's own funding records. The scope is rounds announced on or after 1 January 2024 at live companies NAUT tags to the Wallet sector, filtered down to companies whose own description says they build or run a wallet product. NAUT holds 163 Wallet-tagged companies, 158 of them live; 17 of them carry a round inside the window, 35 rounds in all, and 8 of those 17 are set aside below because their own description names a different product. 4 of the 20 rounds kept here were put to outside coverage and all 4 came back confirmed, and this report cites the 2 that cleared its second-source bar, WalletConnect's $13M Series B and Takenos's $7M extended seed. The other 18 rounds in the table stand on NAUT's record alone. 3 company heads had their current title checked against their own X account, all 3 confirmed. NAUT Research wrote this report; no one paid for it.

Which crypto wallet funding rounds closed, and who backed each?

NAUT's data shows 20 rounds, ordered by announcement date. Only 4 of the 20 carry a backer row on NAUT's record, and every firm in those 4 is named company by company below; a round with no backer row means NAUT holds none, never that no firm took part.

Date Company Round Raised
4 Mar 2024 Private $100,000
6 Mar 2024 Private $50,000
17 Apr 2024 Funding round $5,000,000
1 Jun 2024 IEO $1,500,000
26 Jun 2024 IDO $23,608
29 Jun 2024 IDO $200,000
6 Oct 2024 IEO $80,000
28 Oct 2024 Series A extension $11,000,000
25 Nov 2024 IDO $300,000
25 Nov 2024 IDO $200,000
25 Nov 2024 IEO $30,000
15 Jan 2025 Series B $13,000,000
4 Feb 2025 ICO $4,000,000
17 Feb 2025 IEO $4,000,000
3 Nov 2025 ICO Undisclosed
3 Nov 2025 ICO Undisclosed
16 Mar 2026 IEO $6,000
17 Mar 2026 IEO $7,000
17 Mar 2026 IEO $10,200
4 Nov 2026 Extended seed $7,000,000

14 of the 20 rounds are token sales (7 IEOs, 4 IDOs, 3 ICOs), and the 12 of those that disclosed an amount add up to $10,356,808. The other 6 rounds are equity-style raises, and they carry $36,150,000, so the token sales produced 22% of the disclosed money across 70% of the deals. 10 of the 18 disclosed rounds came in at $200,000 or less, and $200,000 is the median.

Which companies raised the most, and what do they build?

Ranked by the amount NAUT holds as disclosed since 1 January 2024. Each company's largest round sits in the table above.

Company Rounds Disclosed Product
3 $21,000,000 Wallet connection protocol, over 600 wallets on its own count
1 $11,000,000 Smart wallets, gasless transactions and rollup tooling
1 $7,000,000 Digital wallet for freelancers paid from abroad
6 $5,680,000 Non-custodial mobile wallet and crypto super app
1 $1,500,000 Multi-chain Web3 wallet
2 $223,608 Smart wallet on zkSync
1 $80,000 Crypto wallet with cards and payments
3 $23,200 Non-custodial wallet with an exchange and NFTs
2 Undisclosed Self-custodial Web3 neobank on wallet-based chain abstraction

WalletConnect alone holds 45% of the $46.5M. Tria's 2 rounds carry no amount on NAUT's record, which is why the set has 18 disclosed rounds out of 20.

Who runs each company, and who backed it?

NAUT holds team records at 6 of the 9 companies. 5 of them carry a founder or chief executive row, named here with their current title. Bitget Wallet's 2 rows are a growth lead and an ambassador, and NAUT holds no team row for xRaise, Wirex or Takenos.

, $21M across 3 rounds. CEO: Jess Houlgrave, whose X bio names the CEO role at WalletConnect. Founder: Pedro Gomes. On NAUT's record for the $13M Series B: Kraken Ventures, Fenbushi Capital, Crypto.com Capital and Figment Capital. The Block's report on that round names Union Square Ventures and 1kx as its leads, and NAUT flags no lead on it. The $4M ICO and the $4M IEO in February 2025 stand on NAUT's record alone.

, $11M in 1 round. Founder: Hilmar Orth. Co-founder: Luis Schliesske. NAUT records Animoca Brands in the round and flags no lead on it. Gelato Network's own site sells smart wallets, gasless transactions and rollup tooling, so the buyer here is a wallet or app team shipping account abstraction.

, $7M in 1 round, the newest deal in the set. NAUT flags North Island Ventures and Road Capital as co-leads, with Variant, Lattice and Reverie joining. LatamList reported on 4 November 2026: "Argentine fintech Takenos raised $7M in a seed extension led by North Island Ventures and Road Capital Management."

, $5.68M across 6 rounds, the busiest company in the set. Co-founder and CEO: Sparsh Jhamb. Co-founder and CTO: Yajash. NAUT records 16 firms in the $5M round of 17 April 2024: GBV Capital, Big Brain Holdings, CSP DAO, Gains Associates, Dutch Crypto Investors, Galxe, Boxmining, DEC Ventures, Cointelegraph, Poolz Ventures, DeWhales Capital, Pivot, Decubate Ventures, ConsenSys, Founderheads and AITECH Labs. None is flagged as the lead, and that 1 round is 88% of everything Plena Finance has raised since 1 January 2024 on NAUT's record.

, $23,200 across 3 IEOs in March 2026. Founder and CEO: Armani Ferrante, per the X bio on that account and Backpack's own page. Co-founders: Tristan Yver and Can Sun.

, 2 ICOs on 3 November 2025, both undisclosed. Co-founder and CEO: Vijit Katta. Co-founder: Parth Bhalla.

26 backer rows sit across the 4 rounds that carry any backer on NAUT's record, and they are 26 distinct firms, so no firm appears in 2 of those 4 rounds on that record. 2 more firms sit in outside coverage of the WalletConnect Series B, Union Square Ventures and 1kx, and neither carries a backer row on NAUT for it. Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

How much crypto wallet funding did each company raise?

Disclosed since 1 January 2024, by company, $M
  1. WalletConnect$21M
  2. Gelato Network$11M
  3. Takenos$7M
  4. Plena Finance$5.68M
  5. Bitget Wallet$1.5M
  6. xRaise$0.2236M
  7. Wirex$0.08M
  8. Backpack$0.0232M

8 companies appear; Tria stays out because both of its rounds are undisclosed on NAUT's record. The gap between the top of the chart and the bottom is wide: $21M for WalletConnect against $23,200 for Backpack's 3 IEOs.

What this tells a BD team

  • The money sits in 4 names. WalletConnect $21M, Gelato Network $11M, Takenos $7M and Plena Finance $5.68M cover 96% of the $46.5M. Everything else in the set raised under $1.6M.
  • Recency beats size for an opening line. Takenos closed on 4 November 2026 and Backpack's 3 IEOs ran in March 2026, so those are the 2 companies with fresh news to open on.
  • Token sales change who you ask for. 14 of the 20 rounds are IEOs, IDOs or ICOs, so the person who owns the raise is often a growth or ecosystem lead.
  • Team coverage is uneven. NAUT holds team records at 6 of the 9 companies, so plan on sourcing a contact yourself at xRaise, Wirex and Takenos.
How a BD team works this list
  1. Open the 4 funded teamsWalletConnect $21M, Gelato Network $11M, Takenos $7M, Plena Finance $5.68M.
  2. Pull the decision makerEach NAUT company page lists its team, as Jess Houlgrave at WalletConnect and Sparsh Jhamb at Plena Finance.
  3. Work the backer for a warm path26 firms sit in the 4 rounds with backers on NAUT's record, from Kraken Ventures to Variant.
  4. Lead with the newest roundTakenos's $7M extended seed closed 4 November 2026, the most recent deal here.

What this tells a wallet founder raising now

  • Equity cheques in this sector are small and rare. 6 equity-style rounds in almost 3 years, $36.15M between them, and the biggest is $13M.
  • A token sale is the common route. 14 of the 20 rounds went that way, at a median of $200,000 across all 18 disclosed rounds.
  • Repeat backers are not visible here. The 4 rounds with backers on NAUT's record hold 26 distinct firms, so a founder cannot point at 1 firm that keeps buying wallet rounds on this data.
  • The firms that do write wallet cheques are findable. North Island Ventures and Road Capital co-led the newest round, and Kraken Ventures, Fenbushi Capital, Crypto.com Capital and Figment Capital sit in the biggest one.
How a founder uses this set
  1. List the firms that already bought26 firms across the 4 rounds with backers on NAUT's record.
  2. Rank by recencyNorth Island Ventures and Road Capital co-led on 4 November 2026.
  3. Check the fund page before you writeEach NAUT investor page shows the fund's portfolio, round types and lead flags.
  4. Match your ask to the data6 equity rounds carry $36.15M here, so a $13M ask is the top of this sector's range.

How to reach the crypto wallet investors and founders

Every company, fund and person named above has a NAUT page, and each page shows which contact channels NAUT holds on file for that person. The 11 people named here are the founders and chief executives of 5 of the 9 companies; for xRaise, Wirex and Takenos, NAUT holds no team row yet, so the company page is the starting point. On the investor side, the 26 firms in the 4 backed rounds each have a fund page with their portfolio and their lead flags.

Related reading on NAUT: Crypto wallet apps: 49 on NAUT, 16 with a live token and Crypto funding statistics 2026: 327 rounds, $11.45B, 30 numbers.

Can you pull this data through the NAUT API?

Yes. GET https://api.naut.so/v1/projects?sector=Wallet returns NAUT's Wallet-tagged projects a page at a time, up to 100 rows a page, against the 158 live rows NAUT held on the 11 November 2026 read, so the 9 companies here are a filtered slice you rebuild by reading each row's own description. GET https://api.naut.so/v1/projects/walletconnect returns 1 company with its team, and a fund call such as GET https://api.naut.so/v1/investors/north-island-ventures returns that fund's portfolio with the round type, the amount, the announce date and the lead flag on each row. Calls cost 5 credits each, authenticate with Authorization: Bearer $NAUT_KEY, and plans start at $49 a month for 3,000 credits: see the API docs and pricing. Verified Telegram, email and LinkedIn for these founders unlock on any paid NAUT plan, so start a 7-day trial if you need the channels as well as the names.

Crypto wallet funding FAQ

How much do crypto wallet startups raise?

Across NAUT's record, 18 crypto wallet funding rounds announced since 1 January 2024 disclosed an amount, and they total $46,506,808 at 9 live wallet companies. The median of those 18 rounds is $200,000, and the largest is WalletConnect's $13M Series B of 15 January 2025.

Which crypto wallet company raised the most since 2024?

WalletConnect, with $21M across 3 rounds since 1 January 2024: a $13M Series B on 15 January 2025, a $4M ICO on 4 February 2025 and a $4M IEO on 17 February 2025. Gelato Network is second with $11M in 1 round, and Takenos third with $7M.

Who are the crypto wallet investors on NAUT's record?

4 of the 20 rounds carry a backer on NAUT's record, and those rounds hold 26 distinct firms. They include Kraken Ventures, Fenbushi Capital, Crypto.com Capital and Figment Capital in WalletConnect's $13M Series B, Animoca Brands in Gelato Network's $11M round, and North Island Ventures with Road Capital as co-leads of Takenos's $7M extended seed on 4 November 2026.

How many of these wallet funding rounds were token sales?

14 of the 20 rounds are token sales: 7 IEOs, 4 IDOs and 3 ICOs. The 12 of them that disclosed an amount total $10,356,808, against $36,150,000 across the 6 equity-style rounds.

Where can I find these crypto wallet founders and their contact channels?

On NAUT. The 11 founders and chief executives named in this report each have a NAUT person page, the 9 companies each have a project page, and the 26 backer firms each have a fund page; through the API, GET https://api.naut.so/v1/projects/walletconnect returns a company with its team. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to open the channels.

Which Wallet-tagged companies were set aside, and why?

NAUT's Wallet tag is a starting point, so each of the 17 Wallet-tagged companies with a round in the window was read against its own description. 8 were set aside, 15 rounds and $245,310,739 between them:

  • Whop, 1 round, $200,000,000. The Series D of 21 October 2026 is the biggest Wallet-tagged round in the window, and Whop's own site presents a platform for creating and running businesses with AI. The Wallet tag on that row is a data defect, and it inflates the raw Wallet-sector total by $200M on its own.
  • Legend, 4 rounds, $549,739. Its own description is a superapp with AI agents for sports.
  • Octra, 3 rounds, $11,881,000. Its own description is a fully homomorphic encryption layer 1 for private smart contracts.
  • Layer3, 2 rounds, $15,040,000. Its own description is a token distribution protocol for quests and airdrops.
  • Wave, 2 rounds, $200,000. Its own site presents an AI-assisted trading platform.
  • Bitlight Labs, 1 round, $9,600,000. Its own description is infrastructure on the RGB protocol and the Lightning Network.
  • Beldex, 1 round, $8,000,000. Its own site presents a privacy digital currency.
  • De.Fi, 1 round, $40,000. Its own description is a security and portfolio-tracking suite.

15 set-aside rounds plus the 20 kept rounds make the 35 that NAUT holds for the window at Wallet-tagged live companies.

Sources

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