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<p class="is-style-lead">Privy, the Web3 data privacy solution, is reported to have completed a series A financing round that was led by Paradigm and participated in by Sequoia Capital and other well-known names who acted as earlier investors.</p>
<p>On the same day, Privy announced that Huang, a former partner at Sequoia Capital, was joining the startup’s board of directors.</p>
<h2 class="wp-block-heading" id="connecting-to-the-blockchain">Connecting to the blockchain</h2>
<p>Fortune’s article describes&nbsp;<a href="https://fortune.com/crypto/2023/11/21/exclusive-privy-the-crypto-startup-powering-buzzy-consumer-tools-raises-18-million/" target="_blank" rel="noopener noreferrer nofollow">Privy</a>&nbsp;as being a solution that collaborates with established companies to develop blockchain-based services that enhance their operational capabilities. In the instance of Blackbird, initiated by the founder of the reservation service Resy, independent restaurants leverage Privy’s wallet tools to engage with customers, providing regular patrons with perks and rewards.</p>
<p>With a core objective of facilitating user connectivity to the blockchain across various devices and browsers, Privy empowers clients to decide on the incorporation of crypto-style features into their services.</p>
<p>You might also like: <a href="https://crypto.news/blackbird-announces-the-close-of-a-24m-series-a-financing-round/" rel="noopener noreferrer nofollow"> Blackbird announces $24m Series A financing round </a></p>
<h2 class="wp-block-heading" id="another-notable-funding-round">Another notable funding round</h2>
<p>Six weeks earlier, Blackbird also announced news about their own successful series A financing round, which totalled $24 million.&nbsp;</p>
<p>The round was led by Andreessen Horowitz’s crypto arm, a16z, as revealed in a thread posted on X, which also included new investors Amex Ventures and QED Investors.</p>
<p>Read more: <a href="https://crypto.news/gameplay-galaxy-spice-ai-omni-wallet-and-tesseract-complete-successful-venture-rounds/" rel="noopener noreferrer nofollow"> Gameplay Galaxy, Spice AI, Omni Wallet, and Tesseract Complete Successful Venture Rounds </a></p>

Data privacy solution Privy completes $18m financing round

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