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Funding
Sending Labs raises USD 12.5 million in seed funding; beta launches its first two products
Web3 Ecosystem
Feb 16, 2023
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Web3 Ecosystem

Web3 Ecosystem

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Feb 16, 2023

Sending Labs raises USD 12.5 million in seed funding; beta launches its first two products

Funding

  • Sending Labs, a developer of Web3 communication stack, raised USD 12.5 million in a seed funding round co-led by Insignia Venture Partners, MindWorks Capital, and Signum Capital, along with participation from other investors like K3 Ventures and Lingfeng Innovation Fund, among others.

  • The company also launched the beta versions of its first two products: SendingNetwork and SendingMe.

  • SendingNetwork is its flagship product, a software development kit (SDK) that helps developers to create secure dApps. The product includes in-app or cross-app chats, notifications, wallet or decentralized ID logins, and NFT transactions. It also allows developers to include encrypted voice and video calls, in addition to text messages.

  • SendingME is an encrypted decentralized group chat platform built on SendingNetwork, which provides users full control over their identification, data, and assets.

  • Founded in 2021, Sending Labs is a developer of decentralized communication products and protocols for dApp developers to add messaging features to their apps. The company was formed by Yu and Mason Yang, who also co-founded MoboTap.

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