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Utila Secures $18M Series A Round Led by Nyca Partners to Meet Massive Demand for Institutional MPC Wallets
Mar 19, 2025•about 1 year ago
Contract Type
partnership
New YorkSoftwareBlockchainCryptocurrencyinformation technology & servicesDescription
Utila has secured an $18 million Series A round led by Nyca Partners to scale global operations and expand R&D efforts in response to the massive demand for its institutional MPC wallets. The company has raised a total of $30 million since exiting stealth in March 2024.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months