Notifi Raises $2.5 Million Pre-Seed from Hashed and Race Capital to Become "Twilio" for Web3
Unlocking Web3 communications infrastructure with simplified and customized notifications to drive customer engagement and growth for the future of web3
San Francisco, California--(Newsfile Corp. - March 3, 2022) - Notifi Network, Inc, a messaging layer for Web3, announced today a $2.5 million pre-seed round to create and build communication infrastructure for all decentralized applications on all blockchain platforms.
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Notifi simplifies communication across all Web3 messaging channels. The Notifi platform is designed with simple APIs for easy integration, customizable, advanced features for dApps and Web3 applications. Notifi empowers developers to better engage with their users via multichannel communications.
"I am building Notifi to be the Twilio and the de facto messaging protocol for blockchain so we can help developers and projects to start building long-term relationships with their users," says Paul, founder, and CEO of Notifi Network. "The future of web3 depends on helping the community and new projects to be customer-obsessed. Our focus will be to empower developers so they can focus on their customers."
"Web3 communication infrastructure does not really exist. Third-party applications like Discord and Twitter are not enough. With almost $70 billion total valued locked on Defi and $6.1 billion transacted on NFTs it's crazy that there are no real communication layers to support these ecosystems," says Baek Kim, General Partner of Hashed. "We at Hashed believe that we need to solve this now, and help the next wave of users crossover."
"Paul Kim and Nimesh Amin started their careers at Amazon Web Services and Oracle Cloud Infrastructure. They are frustrated by the lack of enterprise-grade notifications for Web3. Given their skill sets and expertise in the communication technology stack, I believe Paul and Nimesh will redefine how Web3 communications work. I am excited to back the "Twilio" for Web3," said Chris McCann, a General Partner of Race Capital.
Paul Kim was previously the Director of Product at Circle, where he recently launched Circle Yield, and the Director of Product at Oracle Cloud Infrastructure, where he was responsible for launching Oracle's Notification Services among other products around monitoring and alerts. Paul also held senior product roles at Amazon Web Services and Grab. Nimesh Amin will serve as CTO and comes from search and cloud infrastructure at Oracle Cloud as well, where he has architected the streaming, messaging, Email, and Inter-Service Connectors. Nimesh also led engineering at Styku, was an Architect at iStreamPlanet, and served as a Principal Engineer at Microsoft.
Co-Led by Hashed and Race Capital, the funding announcement comes in preparation for the Notifi Beta. The capital raised in this round will go towards growing the team and building out the infrastructure. Additional notable investors include Anand Iyer from Canonical Crypto and Dan Matuszewski from CMS Holdings.
Notifi is Twilio for Web3. Notifi simplifies communication across all Web3 messaging channels. The Notifi platform is designed with simple APIs for easy integration, customizable, advanced features for dApps and Web3 applications. Notifi empowers developers to better engage with their users via multichannel communications.
Hashed is a global, multi-billion venture fund focused on backing founders pioneering the future of blockchain and cryptocurrency. Led by serial entrepreneurs and engineers, Hashed is expediting global blockchain adoption through strategic investments and community building. Based in Seoul, San Francisco, Singapore, and Bangalore, Hashed has cultivated industry-defining web3 founders around the globe by accelerating teams such as Terra Money, Axie Infinity, Klaytn(Kakao) Link(Line), and The Sandbox. Hashed additionally operates metaverse studio UNOPND and a digital assets custody service KODA.
About Race Capital
Race Capital invests, builds, and partners with exceptional founders building market-transforming companies. We work side by side with our founders as early as possible, every step of the way. We have successfully built our own companies from small to big, from nothing to IPO, and we want to help you to do the same. Their portfolio includes Solana, FTX, Databricks, Lighting Labs, and many more.
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