Crypto Infrastructure Startup Fountain Announces $3.5M Seed Round to Enhance On-Chain Operations for Enterprises and Institutions
Summary
Fountain, the Web3 operating system serving enterprises and institutions, announced today that it has raised $3.5 million in a seed funding round.This milestone follows Fountains graduation from Alliance, the premier crypto incubator, and includes investments from Foundation Capital, Caladan, Primal Capital, Druid Ventures, United Overseas Bank (UOB), NGC Ventures, Marin Ventures, Blockchain Founders Fund, and angel investors such as Rene Reinsberg, Co-Founder and President of Celo, and Nathan McCauley, Co-Founder and CEO of Anchorage Digital.Fountains platform is driving the next wave of enterprises, funds, and institutions to safely, compliantly, and efficiently operate on-chain and engage with DeFi. As DeFi protocols grow in popularity, their susceptibility to market volatility and risk poses challenges, particularly for investors familiar with traditional finance. The future of decentralized finance depends on advanced, smart contract based infrastructure.The funding will fuel development, user testing, and security audits while providing working capital to expand hires in sales, technology, and compliance. This expertise played a pivotal role in shaping Fountain, leading to the creation of the first-ever no-code workflow solution for the Web3 industry. Based in New York City, Fountain is seeking exceptional talent to drive innovation and lead the paradigm shift of bringing the worlds financial systems natively on-chain.Fountain is a NYC based seed stage company building the first Web3 operating system for enterprise and institutions to secure, manage and automate on-chain workflows.