Stavanger, Norway-based provider of decentralised blockchain infrastructure node, Gateway.fm raised USD 4.6 million in recent financing. The seed round took place on February 20, 2023. Lemniscap led the financing for the company. Meanwhile, CMT Digital Ventures, the LAO DAO, Folius Ventures, TRGC, Metaweb Ventures, Very Early Ventures, Factor Ventures, Fantom Foundation and Unstoppable Domains Ventures, among others, joined in the round.
Purpose of investment for Gateway.fm
With the recent proceeds from the seed funding, the company seeks to expedite product development. It also has plans to expand the provision of advanced staking services.
Meanwhile, Gateway.fm intends to drive user acquisition and recruitment efforts. Moreover, it seeks to place particular emphasis on scaling the company’s engineering department.
What the company’s official has to say
Cuautemoc Weber, Co-Founder and CEO of Gateway.fm said, “Today’s announcement represents a firm stamp of approval for our product suite from a collection of top global investment visionaries. Alongside Igor Mandrigin, my Gateway co-founder and CTO, I’ve felt that the spirit of decentralisation at the heart of the Web3 movement has been undermined by limited access to scalable infrastructure. No more. We want to provide reliable node infrastructure, best-in-class validators and robust dev tooling to help Web3 projects scale at pace while enticing financial institutions and enterprises to explore blockchain technology with confidence.”
What the investors have to add
Roderik van der Graaf, Founder of Lemniscap, further said, “At Lemniscap, we have a keen interest in driving forward sophisticated multi-chain infrastructure and tooling. With a set of elite-grade, next-gen tools, Gateway is broadening the inclusivity, availability and reliability of blockchain networks and protocols. The team is composed of distinguished leaders across the fields of blockchain, distributed software, fintech, information security and telecommunications – providing excellent infrastructure solutions tailored to projects’ networking needs while facilitating a new wave of Web3 innovation.”
About the company
Cuautemoc Weber serves as the CEO of the company launched in 2021. Gateway.fm operates as a provider of decentralised blockchain infra/node. It builds and distributes multi-chain infrastructure designed to help Web3 projects scale without allocating resources to configuring or maintaining servers. The company received strong market validation for its ‘Grow’, ‘Access’ and ‘Jumpstart’ solutions from a range of notable industry heavyweights such as 1inch, Gnosis, Ethereum Foundation, NEAR and Polygon Labs. The Gateway Grow solution is built for institutional staking validators across several Proof-of-Stake (POS) chains like Ethereum, Gnosis and IXO.
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