Narval raises $4M for its Web3 portfolio platform

Greg Jessner, Narval CEO and Matt Schoch, CTO – Credit: Narval

The platform French Narwhal allows companies d’use their on-chain digital assets andinteract in the Web3 “in all safety “.

This Monday afternoon, Narwhal has announced that it has collected 4 million dollars as part of a financing round led by New York-based BlockTower.

Founded last year in the capital, Narwhal proposes a “ platform for using Web3 portfolios “presented as “a governance and orchestration layer compatible with any curation method”.

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The solution enables organizations to manage and use their on-chain digital assets – in-app or programmatically – securely.

Fundraising for Narval also includes the participation of a16z, Cherry, Motier, Bpifrance and business angels such as Sebastien Borget of The Sandbox and Fred Montagnon of Arianee. In addition, existing investors such as Fabric put their money back into the pot.

Our main innovation is a layer of governance and granular orchestration over any key storage and custody model, designed from the outset to enable precise control over use and access to digital property,” explains the Paris-based start-up.

The Narval platform supports 6 blockchain networks, including Ethereum, Polygon and Avalanche.

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Although secure, current curation solutions are unable to handle the depth and granularity of interactions required in Web3, Narval believes.

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