{"id":81541,"date":"2023-07-10T18:45:00","date_gmt":"2023-07-10T15:45:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81541"},"modified":"2025-09-11T23:30:21","modified_gmt":"2025-09-11T20:30:21","slug":"narval-raises-4-million-in-seed-round-led-by-blocktower-vc-and-other-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/narval-raises-4-million-in-seed-round-led-by-blocktower-vc-and-other-investors\/","title":{"rendered":"Narval raises $4 million in seed round led by BlockTower VC and other investors."},"content":{"rendered":"<p>Narval announced a $4 million seed round led by BlockTower VC.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/z-wbOw5Wz_wUY2M_XbbyS5KZrGFAIw4miAdcKcf-LLbP5SY_vi6QeGVMJ1ULaiQO_2zA0E3xuyOa85yHIz93eJK7LCIxL0f7mLnqk_bvobQHGeLawr_OuIRNGb25NhJbD93Bb7T2Zf1hWRUoEof1l8E\" alt=\"Narval raises $4 million from BlockTower VC and other investors\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/GregJessner\/status\/1678387490590187522\">Twitter<\/a>.<\/figcaption><\/figure>\n<p>Among other investors were <span data-descr=\"Andreessen Horowitz\" class=\"old_tooltip\">a16z<\/span>, Fabric Ventures, Bpifrance, Cherry Crypto, Motier Ventures and Frst Capital.<\/p>\n<p>According to Narval\u2019s CEO Gregory Jessner, the funds will be used to hire engineers and designers, as well as for marketing objectives.<\/p>\n<p>The startup offers a tool for managing <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>-wallets. With it, Narval aims to provide organisations with a secure way to interact with cryptocurrency.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOur key feature is a detailed mechanism that works with any storage model and allows firms at a very granular level to decide who and what can be done with digital assets,\u201d said Gregory Jessner.<\/p>\n<\/blockquote>\n<p>In 2022, investments in bitcoin startups <a href=\"https:\/\/u1f987.com\/en\/news\/report-bitcoin-startup-investments-outpaced-the-rest-of-the-web3-sector\">outpaced<\/a> the rest of the Web3 sector, according to a report by Trammell Venture Partners.<\/p>\n<p>The volume of venture deals in the crypto industry <a href=\"https:\/\/u1f987.com\/en\/news\/study-crypto-venture-deal-volume-fell-71-in-june\">fell<\/a> by 71%, while in the first quarter investors <a href=\"https:\/\/u1f987.com\/en\/news\/venture-capitalists-invested-2-6-billion-in-crypto-startups-in-q1\">invested<\/a> in crypto startups $2.6 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Narval announced a $4 million seed round led by BlockTower VC.<\/p>\n","protected":false},"author":1,"featured_media":81542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133,1110],"class_list":["post-81541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81541"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81541\/revisions"}],"predecessor-version":[{"id":81543,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81541\/revisions\/81543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81542"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}