Netki Secures $3.5M in Seed Round

What does Netki do?

Netki, is a digital identity company. The company is a leading provider of tools for fostering the adoption of blockchain technology. The company is bringing industry solutions to the bitcoin and crypto currency communities for enhancing uptake in the mass market. The company’s facebook page will provide the users with the latest breaking news for the bitcoin and other crypto currencies. The company provides secure cryptocurrency payment systems. The company focused on providing privacy and security for cryptocurrency transactions which includes Ethereum, Bitcoin and others. The idea behind this is not only a wallet to provide virtual currency but for also addressing a wallet in a human readable fashion which is like the DMS but for wallet address with the company’s Wallet Name Lookup service. In order for this the company combines secure DNS and Namecoin Blockchain for providing lookup services between a cryptocurrency wallet address and name.

How much Netki was funded?

Netki raised $3.5M on July 5, 2016 from Tom Turney, Plug and Play, Base Ventures, The Husseini Group,  Bitfinex,  College Capital, Digital Currency Group,  Oreilly AlphaTech Ventures and Donuts.

What is next for Netki?

The company wants to become the email addresses of cryptocurrency so that services can hand out wallet names which are same as the popular free email services worked such as Hotmail, Yahoo and Gmail.

More about Netki

Netki was founded on July 14, 2014 by Justin Newton and Dawn Newton. It has its headquarters in Woodland Hills, California. The company is accessible through Microsoft’s Azure cloud based BaaS platform, allowing developers in using the Azure BaaS for integrating with this company’s wallet identity services for wallets. The company is making digital currency easy. It is simple, secure and private. It provides multiple validations which helps users in staying control of their data.