About Web3Auth
Web3Auth is a company based in Singapore (Singapore) founded in 2018 was acquired by Consensys in June 2025.. Web3Auth has raised $15 million across 2 funding rounds from investors including Binance, Coinbase and Consensys. Web3Auth offers products and services including Authentication SDK, Wallet Services, and Core Kit. Web3Auth operates in a competitive market with competitors including Civic Technologies, SelfKey, IndyKite, Procivis and Qui, among others.
- Headquarter Singapore, Singapore
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Torus Labs Private Limited
- Date of Incorporation 03 Feb, 2020
- Jurisdiction Nashik, Maharashtra, India
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Products & Services of Web3Auth
Web3Auth offers a comprehensive portfolio of products and services, including Authentication SDK, Wallet Services, and Core Kit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure user onboarding with social logins and MFA.
Provides UI and on-ramp for non-custodial blockchain wallets.
Allows customizable and whitelabeled blockchain integrations.
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Funding Insights of Web3Auth
Web3Auth has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $13.0M
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First Round
First Round
(09 Jul 2019)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Series A - Web3Auth | Valuation | Peak XV Partners | |
| Jul, 2019 | Amount | Seed - Web3Auth | Valuation | Multicoin Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Web3Auth
Web3Auth has secured backing from 24 investors, including venture fund and institutional investors. Prominent investors backing the company include Binance, Coinbase and Consensys. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Blockchain-based companies are invested in by the venture capital fund.
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Founded Year | Domain | Location | |
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Investments are made in early-stage blockchain startups by YBB Foundation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Web3Auth
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Web3Auth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Web3auth Comparisons
Competitors of Web3Auth
Web3Auth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Civic Technologies, SelfKey, IndyKite, Procivis and Qui, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Decentralized identity verification is enabled through AI and blockchain.
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Provider of digital identity wallet management solutions
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Provider of cloud and blockchain-based security solutions for IoT and AI applications
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Digital identity management solutions are offered to government agencies.
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Offering federated identity management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Web3auth
Frequently Asked Questions about Web3Auth
When was Web3Auth founded?
Web3Auth was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Web3Auth located?
Web3Auth is headquartered in Singapore, Singapore.
Is Web3Auth a funded company?
Web3Auth is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jul 09, 2019.
What does Web3Auth do?
Web3Auth was founded in 2018 and is headquartered in Singapore. Infrastructure for decentralized applications and wallets is provided through a cloud-based platform. Non-custodial multi-factor authentication solutions are delivered to support secure access to digital assets and user identities. Operations focus on enabling integration across various platforms and applications within the blockchain and Web3 sector.
Who are the top competitors of Web3Auth?
Web3Auth's top competitors include Civic Technologies, SelfKey and IndyKite.
What products or services does Web3Auth offer?
Web3Auth offers Authentication SDK, Wallet Services, and Core Kit.
Who are Web3Auth's investors?
Web3Auth has 24 investors. Key investors include Binance, Coinbase, Consensys, FTX, and Bitcoin.com.