Braavos announces raise of $10 million led by crypto-focused investment giant Pantera Capital. Other investors in the round included Road Capital, BH Digital, DCVC, Crypto.com, Matrixport, and StarkNet creator Starkware. Motty Lavie is the Braavos CEO, he co-founded the startup with Abraham Makovetsky and Yoav Gaziel.
The Tel Aviv, Isreal-based firm was founded earlier this year. Braavos aims to offer self-custody in a more “user-friendly” way. They have built its “all-in-one crypto solution” on StarkNet, a layer 2 blockchain addressing the scalability issues of Ethereum using a technology called zero-knowledge (zk) rollups that improve transaction speeds and fees.
Available as a web browser and mobile app for iOS and Android devices, Braavos combines the traditional asset storage and transfer options of a self-custody wallet with a built-in crypto exchange, access to decentralized applications, and a Transaction Explainer that can help new crypto traders understand and review transactions.
The near-term roadmap apparently includes the launch of a “forgot password” feature that aims to eliminate the reliance on complex seed phrases, multi-factor authentication for additional security and integrated decentralized finance (DeFi) capabilities to help users easily earn yield from within the wallet.
