DFNS Secures $16 Million in Series A Funding Led by Further Ventures
Deal News | Jan 14, 2025 | White Star Capital
Further Ventures, a venture capital arm supported by Abu Dhabi's sovereign wealth fund ADQ, has led a $16 million Series A funding round for DFNS, a Paris-based company specializing in crypto wallet technology. This investment highlights the increasing interest and deal-making momentum in the digital asset sector. Other participants in this funding round include Wintermute, a market-making firm, alongside Motive Partners, Bpifrance, and Motier Ventures, the latter being the family office behind the Galeries Lafayette Group. White Star Capital is among the supporting investors, indicating a collective push towards enhancing digital asset technologies.
Sectors
- Venture Capital
- Cryptocurrency and Blockchain
Geography
- France – DFNS is based in Paris, making France a relevant geography for this article.
- United Arab Emirates – Further Ventures, backed by Abu Dhabi's ADQ, is based in the UAE, highlighting its geographical involvement.
Industry
- Venture Capital – This industry is relevant as DFNS received Series A funding from multiple venture capital firms.
- Cryptocurrency and Blockchain – DFNS operates in the crypto wallet technology space, part of the broader cryptocurrency and blockchain sector.
Financials
- $16 million – The total amount raised by DFNS in their Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DFNS | Target Company | Company | A Paris-based firm specializing in crypto wallet technology. |
| Further Ventures | Lead Investor | Company | A venture capital firm supported by Abu Dhabi's sovereign wealth fund ADQ. |
| Wintermute | Investor | Company | A market-making firm that participated as an investor in the funding round. |
| Motive Partners | Investor | Company | A venture capital firm specializing in financial technology investments. |
| Bpifrance | Investor | Company | A French public investment bank that supports businesses and innovators. |
| Motier Ventures | Investor | Company | The family office of the owners of the Galeries Lafayette Group. |
| White Star Capital | Supporting Investor | Company | A global venture capital firm known for investing in early-stage technology companies. |