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UNSTOPPABLE DOMAINS RAISES $65 MILLION SERIES A AT A $1 BILLION VALUATION

Jul 26, 2022

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Today, we announced that we’ve closed $65 million in Series A funding at a $1
billion post-money valuation in a round led by Pantera Capital. Other investors
in the round include Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures,
Spartan Group, OKX Blockdream Ventures, Polygon, CoinDCX, CoinGecko, We3
syndicate, Rainfall Capital, Broadhaven, El Ventures, Hardyaka, and Sound Media
Ventures, along with previous investors Boost VC and Draper Associates. We’ll
use the funding to fuel product innovation and grow our partnerships in the web3
space as we continue to build a platform for user-owned and portable digital
identity. 



We founded Unstoppable Domains in 2018 with a vision of enabling user-owned,
digital identity for every person on the planet. Historically, people have built
their online identities around Web2 companies that use people’s data for profit.
We believe NFT domains have the power to change this, providing infrastructure
that allows people to own their reputation and data, and make it portable across
web3.



Over the past four years, we’ve taken that vision from our CEO’s living room to
people across the globe. Our community has registered 2.5 million domains, which
people can now use to connect with more than 300 integrations. Today, people can
use their Unstoppable Domains to log into more than 150 Web3 applications,
replace lengthy crypto wallet addresses on more than 80 wallets and exchanges,
create decentralized websites, and build their web3 identity. We’re proud to
have built our business until this year with under $7 million in VC funding in
the history of the company, prior to this round. 



So why raise funds now? When we first launched, NFTs were a little-known
technology on the fringes of crypto. Today, people have begun to understand the
promise of Web3, and how NFTs can put power back in the hands of people. Now is
the time to bring our technology to the world. That means we need more resources
and great partners like Pantera Capital to support our growth. 



Soon, you’ll be able to use your Unstoppable domain for a lot more. With this
funding, we’ll keep building towards a world where people, not companies, have
full control over their digital identity. We’ll keep working to get Unstoppable
domains into people’s hands, because everyone deserves to own their identity.
And we'll be making significant changes to how our products work, what features
we prioritize, and how we share our work with the community around us. Join our
community on Discord and follow us on Twitter to be part of that journey. 



The Internet hasn’t lived up to its promise. By giving people ownership of their
digital identity, we believe we can build a more open, equitable Web3 – and a
better world. We’re just getting started.



MEDIA CONTACT: press@unstoppabledomains.com

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