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Gerbert Vandenberghe

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How Venly Grew to 50 Paying Customers and 500K Free Wallet Users After a €2M Seed Round (Interview with Co-Founder Gerbert Vandenberghe)

Gerbert Vandenberghe (Co-Founder of Venly) spoke to Nathan Latka on November 4, 2021.

Venly figures from the interview

MRR (Nov 2021, currency not stated)
40K
Paying Customers (2021)
50
Post-Money Valuation (2021, currency not stated)
7M
Total Raised (Seed, Apr 2021)
€2,000,000
Free B2C Users (2021)
500K
“So we're basically a SaaS company, so building applications on top of blockchain is pretty difficult. It's a very difficult technology, and making user friendly applications on top of blockchain is even more difficult. So we actually make it more easy for development studios, games, for example, to build user friendly games on top of blockchain without any knowledge of blockchain.”
“The post money valuation was $7,000,000.”
“So we have High-Tech Gruenderfonds, which is a very large German investor. So they have very good connections. The they took the lead, and Frank really believed in the company from the first time he met Tim, our CEO, and he helped us close the seed rounds.”

Read the interview →Watch the recording →

Company

Venly

Haaltert, Belgium · Founded 2018

Revenue
$3.2M
Funding
$2.4M
Team size
29
Customers
50

Company profile →CEO interview →

Also at Venly