Meet Safeheron! This Singaporean startup's here to keep your crypto wallets safe. Oh, and they've just raised a $7M Pre-Series A!

• Launched late last year, they've got over 20 clients and have more than $100M in crypto under custody.
• They've facilitated over $4B in transactions.

Investor check. Yunqi Partners and Web3Vision co-led the round. PrimeBlock Ventures, M77 Ventures, ShataCapital, Kryptos, Antalpha Ventures, Waterdrip Capital, 7 o'clock Capital and Cobo Ventures also joined in.

• 👼🏻: Misa Zhu (Founder, Rokid) and Fan Zhang (ex-Founding Partner, Sequoia Capital China)

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🥷🏻 Keeping the hackers away

You've heard it before. Crypto funds owned getting lost, stolen or hacked. You aren't safe whether you're an individual or a large platform.

But crypto custody providers (third parties that secure your crypto for you, like crypto banks) usually focus on large enterprise clients. Plus, their solutions cost tons of $$$!

• Safeheron's focused on SMEs like web3 projects, crypto funds, centralized financial platforms and exchanges.

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🦸🏻‍♂️ Safeheron's your hero

Bye, hackers! They're making crypto wallets and private keys safer with open-source and Multi-Party Computation (MPC).

• They allow you to split your private key into "key shards" across multiple devices/applications or stakeholders.

Sounds complicated? It's similar to multi-factor authentication — just made for your crypto wallet. You know, the same way you confirm your social media logins on two devices (instead of just one) or use 2FA login codes.

• They're an extra layer of protection to protect your accounts.
• As Safeheron's founder likes to say, it's like needing multiple keys to open one safe.

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🦊 Oh-so strategic partners

They've just partnered with the popular Ethereum wallet MetaMask, which had over 30M monthly active users in March.

• What's new? Users will be able to sign off their transactions across two to three devices instead of just one.

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💰 What's with the $$$?

They'll continue developing their open-source crypto self-custody service and scale to more clients.