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Privy Secures $15M in Funding to Expand Crypto Wallet Integration Tools

The blockchain infrastructure company plans to double its team size and scale its developer tools after raising its total funding to over $40 million.

Photo of Privy co-founders Asta Li and Henri Stern (Privy)
Asta Li and Henri Stern founded Privy in 2021.

Overview

  • Privy raised $15 million in a funding round led by Ribbit Capital, with participation from Sequoia Capital, Paradigm, and Coinbase.
  • The company’s total funding has now surpassed $40 million, though its valuation in the latest round was not disclosed.
  • Privy has grown its user base from 1 million accounts in 2023 to 50 million accounts in 2025, supporting 1,000 businesses, including Blackbird and OpenSea.
  • The company offers SDKs and APIs that allow developers to integrate crypto wallets into applications, simplifying blockchain onboarding for users.
  • Privy plans to use the funding to double its current 25-person team within 18 months and continue expanding its product offerings.