About Web3Auth
Data last updated:
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
- SectorsTechnology
- Website web3auth.io
- Social LinkedIn X Facebook YouTube
- Acquired by Consensys (Jun 2025)
- Legal Name Torus Labs Private Limited
- Date of Incorporation 03 Feb, 2020
- Jurisdiction Nashik, Maharashtra, India
Associated legal entities of Web3Auth
Web3Auth operates through Torus Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Report |
|---|---|---|---|---|---|---|---|
| Torus Labs Private Limited CIN U33309MH2020PTC337063 | Active | 03 Feb 2020 | Nashik, Maharashtra | – | – | 2 | Buy report |
People of Web3Auth
1 people are tracked at Web3Auth (1 in leadership).
| Name | Role | Group |
|---|---|---|
 Elisha John Koh | COO | Leadership |
Complete people profiles for Web3Auth
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Board of directors of Torus Labs Private Limited (Web3Auth)
Torus Labs Private Limited is the primary company behind Web3Auth. The board of Torus Labs Private Limited currently have 2 directors; the longest-serving is Uttam Karbhari Avhad, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Uttam Karbhari Avhad DIN 08490817 | Director | 03 Feb 2020 | 6 yrs 8 mo | Torus Labs Private Limited |
| Prathamesh Uttam Avhad DIN 08687592 | Director | 03 Feb 2020 | 6 yrs 8 mo | Torus Labs Private Limited |
Products & Services of Web3Auth
Web3Auth offers a comprehensive portfolio of products and services, including Authentication SDK, Wallet Services, and Core Kit.
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.
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 $15.0M
- Total Rounds 2
- Last Round Series A — $13.0M
- First Round $2.0M
(09 Jul 2019)
- Investors Count 23
All 2 funding rounds of Web3Auth with amounts, post-money valuations and investors.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 12 Jan 2022 | $13.0M | Series A | – | Peak XV Partners | |
| 09 Jul 2019 | $2.0M | Seed | – | Multicoin Capital |
24 investors in total: 24 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on blockchain, wellbeing, and multiple sectors | – | usv.com | New York, United States | |
Blockchain-based companies are invested in by the venture capital fund. | – | kosmos.vc | Perth, Australia | |
Investments are made in early-stage blockchain startups by YBB Foundation. | – | ybb.io | Singapore, Singapore | |
- | – | decentralab.tcc.mode | - | |
Seed-stage tech investments in Cameroon are made by Phoenix Ventures. | – | phoenix-vc.com | Dubai, United Arab Emirates | |
- | – | hash.tcc.mode | - | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Accomplice is engaged in venture capital investments for startups. | – | accomplice.co | Boston, United States | |
Bitcoin.com is operated as a platform for cryptocurrency services. | 2008 | bitcoin.com | Saint Kitts And Nevis | |
Venture capital is invested in blockchain and cryptocurrency sectors. | 2017 | multicoin.capital | Austin, United States |
Investor details for Web3Auth
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Timeline of Web3Auth
4 dated milestones of Web3Auth across 7 years, from founding to its latest funding, stage changes and deals.
- Web3Auth is founded.
- First funding round of $2.0M.
- Latest funding round, Series A, of $13.0M.
- Acquired by Consensys.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| civic.com | 2016 | Palo Alto, United States | $2.8M | – | Decentralized identity verification is enabled through AI and blockchain. | |
| selfkey.org | 2012 | Ebene, Mauritius | – | – | Provider of digital identity wallet management solutions | |
| indykite.com | 2016 | San Francisco, United States | $10.5M | – | Provider of cloud and blockchain-based security solutions for IoT and AI applications | |
| procivis.ch | 2016 | Zurich, Switzerland | $300,005 | – | Digital identity management solutions are offered to government agencies. | |
| qui.xyz | 2022 | Toronto, Canada | $5.1M | – | Offering federated identity management solutions | |
| metadium.com | 2018 | West Bay, Cayman Islands | – | – | Decentralized platform for digital identity management is provided. | |
| sonr.io | 2021 | Brooklyn, United States | $5.0M | – | User control over digital identities is enabled via decentralized applications. | |
| archipels.io | 2020 | – | – | – | Digital identity verification and authentication services are provided to businesses. |
Detailed competitors of Web3Auth
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Verified entity values are shown only after access is granted.
Latest news on Web3auth
Complete news archive for Web3Auth
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Web3Auth
Web3Auth was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Web3Auth is headquartered in Singapore, Singapore.
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.
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.
Web3Auth's top competitors include Civic Technologies, SelfKey and IndyKite.
Web3Auth offers Authentication SDK, Wallet Services, and Core Kit.
Web3Auth has 24 investors. Key investors include Binance, Coinbase, Consensys, FTX, and Bitcoin.com.
Web3Auth operates through Torus Labs Private Limited.
Yes. Web3Auth was acquired by Consensys in June 2025.
The legal entities of Web3Auth currently have 2 directors, including Uttam Karbhari Avhad, Prathamesh Uttam Avhad.