Zürich, 05.09.2023 - In a significant development for the startup ecosystem, Freename AG, the Swiss-based leading Web3 Domains and TLDs provider, has recently announced the successful completion of its seed funding round. The company managed to secure $2.5 million in investment, signaling a vote of confidence from VCs and angel investors in the Web3 ecosystem. This infusion of capital is expected to fuel Freename growth and accelerate the development of its platforms.
The round saw participation from a number of influential investors, highlighting the appeal of Freename's disruptive business model and its long-term vision. The round was led by Sparkle Ventures with participation from Blockchain Founders Fund, Golden Record Ventures, Abalone Asset Management and His Highness Sheikh Mayed Al Qasimi.
Freename allows its users to create their own top level domains (TLDs) and second level domains (SLDs) on multiple blockchains. These web3 domains represent a digital identity and can be used for various functions such as sending and receiving crypto payments, sending web2 and web3 emails, browsing traditional websites and building decentralized websites. Last but not least, with Freename each TLD owner becomes a real registrar: by purchasing his own .something he can generate a revenue stream whenever new users register domains on his TLD.
Among the products developed by Freename there is the Web3 WHOIS, a groundbreaking domain explorer which queries wallets, domains and TLDs from Freename, Unstoppable Domains and the ENS registry. Furthermore there is the Freename Browser Extension, which is compatible with Chrome, Brave and Firefox and can be used for a variety of features, including sending crypto payments through integration with MetaMask and other major decentralized wallets.
The company is working in the direction of interoperability in order to increasingly converge the web3 world with web2 and make the user experience as seamless as possible.
According to Julien Pageaud, Founder and Managing Partner at Sparkle Ventures, “Freename aligns both vision and workforce to provide the foundations of multi-chain domain name infrastructure offering the needed by-design continuity in the blockchain-based internet connectivity.”
Davide, CEO and co-founder of Freename, emphasizes that “Freename's goal is to redefine the Web3 Domain Naming System. Our team and community are growing, driven by the passion to change the market by making Web3 domains increasingly user-friendly and compatible with the traditional Internet. The closing of this seed round represents an important pillar for the company's growth.”
About Freename
Freename is the leading Web3 TLDs and Domains platform where users can register and mint their own Web3 Top Level Domains (TLDs) and Second Level Domains (SLDs). Everyone can also get Royalties and become a Registrar. Furthermore, on Freename, users can trademark their Web3 TLDs and Domains to protect their own Web3 Identity worldwide.
About Sparkle Ventures
Sparkle Ventures is a VC fund manager investing in early-stage cutting-edge technologies developed by top-tier founders organizing the new web usages. Sparkle Ventures, acting as a highly strategic investment manager in conjunction with Animoca Brands, has been recognized for supporting middleware and infrastructure catalysts globally. Sparkle Ventures actively supports its portfolio companies in building up a dominant position by leveraging its technical expertises and its global network through various industries.
About Blockchain Founders Fund
Blockchain Founders Fund (BFF) is a leading early stage (seed and pre-seed) Web3 Venture Capital fund which invests in top-tier founders globally. Our backers include a strategic mix of the leading firms in the crypto and traditional finance world. We invest in highly-promising startups taking a go-to-market focus and a hands-on approach to drive value. BFF helps curate strategic partnerships, hire talent, accelerate growth and ensure portfolio founders are well capitalized. Our team is composed of builders and operators that have scaled many of the leading Blockchain startups and are on a mission to support all-star teams shaping the Web3 industry.
About Golden Record Ventures
Golden Record Ventures (GRV) is a London-based early-stage VC firm investing in blockchain applications within the fintech space. Founded in late 2022 by Managing Partners Filippos Kodellas and Jad Benabdelkhalek, the team leverages its investing and restructuring experience to support outliers in disrupting legacy products and services. With a focus on Europe and emerging markets, GRV actively seeks out innovation in payment solutions, asset management, capital markets and the infrastructure that binds them together. GRV has backed 7 companies to-date, including Parfin, Sylq and Orbital.
Press Contact
Mattia Martone
Freename AG