Gateway.fm secures $4.6 million to democratize access to scalable Web3 infrastructure

STAVANGER, Norway, 20 February 2023 /PRNewswire/ — Gateway.fmthe first truly decentralized blockchain infrastructure node provider, has departed 4.6 million dollars in a combined seed funding round led by Lemniscap, with participation from, among others, CMT Digital Ventures, LAO DAO, Folius Ventures, TRGC, Metaweb Ventures, Very Early Ventures, Factor Ventures, Fantom Foundation and Unstoppable Domains Ventures.

The funding will be used to accelerate product development and delivery of advanced effort services while driving user acquisition and recruitment, with a particular emphasis on scaling the company’s engineering department.

Across the blockchain sector, the node infrastructure landscape has largely been dominated by a select few industry players. In today’s multi-blockchain environment, there is a pronounced market demand for infrastructure products and services that support multiple blockchains. Also, there is a growing class of fintechs looking to expand their service scope and break into the blockchain space. Doing so requires robust, reliable infrastructure.

As a leading Web3 infrastructure company, Gateway.fm is focused on building decentralized RPC solutions that do not rely on centralized services such as Amazon Web Services (AWS). To date, the company has received strong market validation for its ‘Grow’, ‘Access’ and ‘Jumpstart’ solutions from a number of notable industry heavyweights including 1inch, Gnosis, Ethereum Foundation, NEAR and Polygon Labs.

The Gateway Grow solution is built for institutional stake validators across multiple Proof-of-Stake (POS) chains that Ethereum, Gnosis and IXO. Gateway Access is the company’s dedicated, cost-effective RPC node service built for scale, which currently supports ETH, Phantom, NEAR and Gnosis. Gateway Jumpstart enables new blockchains, app chains and protocols to accelerate mainnet launch and drive user adoption.

Cuautemoc Weberco-founder and CEO of Gateway.fm so: “Today’s announcement represents a solid stamp of approval for our product suite from a collection of the world’s top investment visionaries. Alongside Igor Mandrigin, my Gateway co-founder and CTO, I have felt that the spirit of decentralization 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 developer tools to help Web3 projects scale at pace, while enticing financial institutions and enterprises to explore blockchain technology with confidence.”

Roderik van der GraafFounder of Lemniscapso: “At Lemniscap, we have a strong interest in driving sophisticated multi-chain infrastructure and tools. With an elite next-generation set of tools, Gateway expands the inclusivity, accessibility 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 the projects’ network needs, while facilitating a new wave of Web3 innovation.”

About Gateway.fm

Gateway.fm is the first truly decentralized high-performance blockchain infra/node provider, building globally distributed, multi-chain infrastructure designed to help Web3 projects scale seamlessly without allocating resources to configure or maintain servers.

About Lemniscap

Lemniscap is an investment firm that specializes in investments in emerging markets crypto assets and blockchain startups. Since its founding in 2017, Lemniscap has financed several investments in crypto blockchain space, due to the fundamental belief that blockchain technology will upend traditional business models, resulting in profound changes in the world economy. The Lemniscap team consists of talented people with backgrounds in financial markets, PE/VC, technology and entrepreneurship. For more information, visit https://lemniscap.com/.

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SOURCE Gateway.fm