Haun Ventures Leads Thirdweb Web3 Development Platform Investment Round

The team behind Web3 app developer platform Thirdweb has closed a Series A round of funding at$ 24 million at a valuation of $ 160 million. It was headed by Haun Ventures ex-partner Andreessen Horowitz Kathy Haun, writes The Block.

Investments were also provided by Coinbase Ventures, Shopify, Protocol Labs, Shrug VC and Kleiner Perkins partner Joseph Leykob.

The team will use the funding received to hire specialists and integrate Cosmos, Near, Flow and Solana (in September) in addition to Ethereum, Avalanche and Fantom.

Thirdweb offers audited smart contracts that allow you to create and securely deploy dapps, as well as manage related analytics.

Application scenarios include blockchain games and NFTs.

"We fill the gap between infrastructure and real applications"Thirdweb co-founder Raidhan Bartlett told CoinDesk.

The startup tools use Afterpay, New York Fashion Week, and Coinbase for its NFT marketplace.

Over the past nine months, more than 55,000 developers have used its tools to build apps, according to the company.

Recall that in March, Haun Ventures Katie Haun raised $1.5 billion to invest in Web3.

In May, Andreessen Horowitz formed the fourth crypto fund in the amount of $4.5 billion. The structure will focus on supporting Web3 startups.

Read ForkLog's bitcoin news on our Telegram — cryptocurrency news, rates, and analytics.