Fundz

Account Labs Raises $7.7M As Ftx’s Demise Leads To Crypto Self-Custody Growth

PRIVATEOct 12, 2023

Amount Raised

$7.7 Million

Round Type

Funding Round

United StatesE Commerce

Description

The collapse of the FTX empire didn’t just set in motion a crypto market downturn. The unraveling of FTX’s misuse of customer funds also exposed the risks of using crypto wallets controlled by centralized trading platforms, prompting users to seek self-custodial wallets.

Quick answer

Account Labs raised $7.7 Million in a Funding Round round, dated October 12, 2023. Account Labs is based in United States.

How much did Account Labs raise?
Account Labs raised $7.7 Million in a Funding Round round on October 12, 2023.
What does Account Labs do?
Account Labs was born out of this new wave of wallet consolidation.
Where is Account Labs based and how big is it?
Account Labs is based in United States.

Source: Fundz verified event record.

Who else raised in E Commerce around the same time

Companies in the same sectors as Account Labs that raised within 45 days of this round, from Fundz verified event records.

  • Munch raised $7.2M (Seed) on November 21, 2023.
  • Malou raised $10M (Funding Round) on November 20, 2023.
  • Pricepally raised $1.3M (Seed) on November 17, 2023.
  • Siena AI raised $4.7M (Seed) on November 17, 2023.
  • Siena AI raised $4.7M (Seed) on November 16, 2023.
  • Glencoco raised $3M (Seed) on November 16, 2023.

Who to call at Account Labs, and when

A new round usually means Account Labs is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Account Labs raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Account Labs, from your own LinkedIn network

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Company Information

Company

Account Labs

Location

United States

About

Account Labs was born out of this new wave of wallet consolidation. Its funding round arrived off the back of a merger between hardware wallet provider Keystone Account Labs, which has amassed some 40,000 users, and account abstraction wallet builder UniPass in May this year, which led to the inception of Account Labs.

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Account Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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