Crypto Developer Platform Thirdweb Secures $24M in Series A

Thirdweb, a platform for Web3 app developers, raised $24 million in a Series A round at a $160 million valuation. The funding was led by Haun Ventures, the investment firm launched earlier this year by former Andreessen Horowitz (a16z) partner Katie Haun.

Thirdweb offers pre-built, audited smart contracts that serve as a quick-start guide for developers who want to create and safely deploy applications to blockchains then manage the related analytics. Potential uses include blockchain games and non-fungible token (NFT) drops.

"From our standpoint, we haven't really seen much of an effect on our customers or the developers building these projects," Thirdweb co-founder and CEO Furqan Rydhan said in an interview, referring to the rough waters for crypto of late. "It's really exciting, whether it's a bear market in terms of price or not, that we've continued to see strong growth and have been able to showcase that as part of raising this round."