Data privacy solution Privy completes $18 million in Series A financing, led by Paradigm

According to a report by Fortune magazine on November 21st, data privacy solution Privy has completed a $18 million Series A financing round, with Paradigm leading and participation from Sequoia Capital and others.
As previously reported by BlockBeats, on April 21, 2022, data privacy solution Privy announced the completion of an $8.3 million seed funding round, with Sequoia Capital and Blue Yard Capital leading and participation from Electric Capital, Archetype, BoxGroup, and Protocol Labs. Privy aims to solve the contradiction between poor user experience for multi-wallet users and privacy risks of integrated login through Web3 solutions. This round of financing will be used to build the team and continue to create use cases that meet customer needs.