Zerion, a non-custodial crypto wallet, has raised $12.3 million in Series B funding. The round was led by Wintermute Ventures. Additional include Placeholder, Mosaic, Polymorphic Capital, Coinbase Ventures, and Alchemy Ventures. 1inch Network’s Sergej Kunz, Anton Bukov, and Orest Gavryliak also participated alongside Yunt Capital & Grégoire Le Jeune.
Evgeny Yurtaev, co-founder and CEO of Zerion, said wallets are at the core of the Web3 experience, but the tools are lacking:
“As the number of decentralized applications increases, it becomes more difficult for users to follow their footprint across chains, NFT collections, and DeFi protocols. We believe that in an increasingly disparate Web3 space, wallets will become a dynamic place to track and manage it all, and Zerion’s industry-leading wallet will set the standard.”
Zerion has been providing services for five years allowing DeFi investors, including NFTs, to track their digital assets and trade at the “best rates.”
Zerion reports that trading volume has increased from $47 million in 2019 to over $1.5 billion in 2022. The company shares that more than 60,000 wallets holding more than $100 million have been created in less than six months since the launch of the wallet. Zerion currently serves 400,000 monthly active wallets from over 150 countries.
Zerion aims to have its wallet become the primary interface for Web3. Zerion states that its wallet empowers Web3 citizens by allowing them to take control of their digital assets, identities, and data.
Wintermate founder and CEO Evgeny Gaevoy believes that Zerion is at the forefront of Web3 applications:
“Zerion is backed by a strong team with experience operating in DeFi, which is why we are confident in their vision and ability to deliver on integrations and functions behind the user layer, all while abstracting away, the often overwhelming, blockchain complexity.”