Unstoppable Domains Raises $65 Million Series A at a $1 Billion ValuationJul 26, 2022
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Today, we announced that we’ve closed $65 million in Series A funding at a $1 billion post-money valuation in a round led by Pantera Capital. Other investors in the round include Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKX Blockdream Ventures, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, El Ventures, Hardyaka, and Sound Media Ventures, along with previous investors Boost VC and Draper Associates. We’ll use the funding to fuel product innovation and grow our partnerships in the web3 space as we continue to build a platform for user-owned and portable digital identity.
We founded Unstoppable Domains in 2018 with a vision of enabling user-owned, digital identity for every person on the planet. Historically, people have built their online identities around Web2 companies that use people’s data for profit. We believe NFT domains have the power to change this, providing infrastructure that allows people to own their reputation and data, and make it portable across web3.
Over the past four years, we’ve taken that vision from our CEO’s living room to people across the globe. Our community has registered 2.5 million domains, which people can now use to connect with more than 300 integrations. Today, people can use their Unstoppable Domains to log into more than 150 Web3 applications, replace lengthy crypto wallet addresses on more than 80 wallets and exchanges, create decentralized websites, and build their web3 identity. We’re proud to have built our business until this year with under $7 million in VC funding in the history of the company, prior to this round.
So why raise funds now? When we first launched, NFTs were a little-known technology on the fringes of crypto. Today, people have begun to understand the promise of Web3, and how NFTs can put power back in the hands of people. Now is the time to bring our technology to the world. That means we need more resources and great partners like Pantera Capital to support our growth.
Soon, you’ll be able to use your Unstoppable domain for a lot more. With this funding, we’ll keep building towards a world where people, not companies, have full control over their digital identity. We’ll keep working to get Unstoppable domains into people’s hands, because everyone deserves to own their identity. And we'll be making significant changes to how our products work, what features we prioritize, and how we share our work with the community around us. Join our community on Discord and follow us on Twitter to be part of that journey.
The Internet hasn’t lived up to its promise. By giving people ownership of their digital identity, we believe we can build a more open, equitable Web3 – and a better world. We’re just getting started.
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