Giddy has raised a $6.9M funding round to scale its self-custody wallet solution.
The company has raised $15M since its inception.
- Pelion Venture Partners, Peak Capital Partners, Clarke Capital, and Fortnite co-creator Geremy Mustard led the funding round.
- Giddy's self-custody wallet allows users to hold their own private keys, which is seen as a more secure way to store cryptocurrencies compared to centralized exchanges that hold users' funds.
- The company plans to use the funding to expand its team, invest in product development, and launch new features that will make self-custody more accessible to mainstream users.
- The funding round comes amid growing interest in cryptocurrencies and self-custody, with more users seeking to take control of their digital assets and protect them from hacks and theft.