January 15, 2025
Reown, a startup focused on improving user experience for on-chain applications, has raised $13 million in Series B funding, bringing its total funding to $38 million. This round was led by Union Square Ventures and 1kx, with participation from firms like Shopify Ventures, Kraken Ventures, and Crypto.com Capital. Founded in 2018, Reown, previously known as WalletConnect, aims to simplify the blockchain experience by developing software development kits (SDKs) for crypto wallets and on-chain applications.
The company’s flagship products, AppKit and WalletKit, serve as essential tools for developers building on-chain interfaces. AppKit enables the integration of various blockchain functionalities like social logins, embedded wallets, and cross-chain capabilities. Meanwhile, WalletKit helps manage over 600 wallets, including well-known options like Trust Wallet and Binance Wallet. The company continues its involvement in the WalletConnect network, which now boasts over 220 million connections across 35 million users. These developments are central to Reown’s goal of removing barriers in blockchain usability and promoting broader Web3 adoption.
Reown plans to allocate the funds from this round toward research and development, further expanding its platform across additional ecosystems and blockchain networks. The company will introduce a pricing model for its products in the upcoming quarter, continuing to offer free versions while launching an enterprise solution for larger companies to license.
About Reown
Reown, founded in 2018 and rebranded from WalletConnect in 2023, simplifies on-chain experiences with its SDKs, AppKit and WalletKit, enabling cross-chain apps and crypto wallets. The company continues to support the WalletConnect network, connecting millions of users to blockchain projects globally.
Website: https://reown.com/
X: @reown
About Investors
Union Square Ventures
Union Square Ventures (USV) is a venture capital firm that focuses on early-stage investments in technology and innovation across sectors including software, crypto, and fintech.
Location: New York, NY
Website: https://www.usv.com/
1kx
1kx is a leading investment firm focused on supporting the blockchain ecosystem. The firm invests across stages, particularly in protocols and Web3 infrastructure.
Location: Berlin, Berlin, Germany
Website: https://1kx.network/
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