Notifi announces $2.5M pre-seed round

CoinJournal learns that Notifi Network, Inc, which is a messaging layer for Web3, has raised $2.5 million in a pre-seed round. This will create and build communication infrastructure to support all decentralized applications on the blockchain platforms.  

Hashed Capital and Race Capital led this round of funding. The announcement of funding comes as preparation for Notifi Beta.

Notifi simplifies communication across Web3 channels

It features simple APIs to allow easy integration and customization of advanced features for Web3 apps and dApps. It allows developers to enhance their interaction with users through multichannel communications.

Paul Kim, CEO and founder of Notifi Network, commented:

Notifi is my Twilio and de facto messaging protocol for Blockchain. It will help developers and projects establish long-term relationships. Web3’s future depends on the ability of new projects and the community to be customer-focused. Our goal is to empower developers so that they can concentrate on their customers.

Paul Kim was Director of Product at Circle. He launched Circle Yield. Paul also worked as Director of Product for Oracle Cloud Infrastructure. Nimesh Amin (CTO) is also from Oracle’s cloud infrastructure and search.

Baek Kim is the General Partner at Hashed.

Web3 communication infrastructure doesn’t really exist.  Third-party apps like Discord or Twitter are not sufficient. With almost $70 billion total valued locked on Defi and $6.1 billion transacted on NFTs it’s crazy that there are no real communication layers to support these ecosystems. Hashed believes that this problem must be solved immediately to allow the next generation of users to cross over.

Chris McCann, General Partner of Race Capital, was added:

Paul Kim and Nimesh amin began their careers at Amazon Web Services, and Oracle Cloud Infrastructure.  They are disappointed by the inability to receive enterprise-grade Web3 notifications.  Paul and Nimesh have the skills and expertise to revolutionize Web3 communication.  I am excited to back the “Twilio” for Web3.

The funding raised from this round will be used to support infrastructure and team development. Anand Iyer of Canonical Crypto and Dan Matuszewski at CMS Holdings are other notable investors.