Haaltert, Vlaanderen, Belgium
Venly is a Belgian blockchain infrastructure company that provides developer tools, including web wallets, an NFT API, an NFT marketplace, and a Shopify plugin, designed to make building user-friendly blockchain applications easier for gaming studios and other developers. The company operates on a SaaS model with monthly billing across its product lines, targeting business-to-business clients while offering a free tier to attract end users. As of November 2021, Venly reported monthly recurring revenue of approximately $40,000, up from roughly $5,000 to $6,000 per month at the time of its seed close in April 2021. The company had grown its base of business-to-consumer wallet users from 100,000 to 500,000 over the same period, driven in part by integrations with customers such as The Sandbox. Venly closed a seed round of approximately 2,000,000 euros (roughly $2,400,000) in April 2021 at a post-money valuation of $7,000,000, selling approximately 25 to 26 percent of the company. Investors include High-Tech Gruenderfonds, TheoHA Capital, Block Rocket, imec, and an undisclosed angel investor. The company had 14 employees at the time of the interview and was actively recruiting engineers and business developers.
- Revenue
- $3.2M
- Customers
- 50
- Year founded
- 2018
- Funding
- $2.4M
- Team size
- 29
- Growth
- -