Gateway.fm Raises $4.6M to Accelerate Web3 Infrastructure Development

Gateway.fm has secured $4.6 million USD in a combined seed fundraising round headed by Lemniscap, with participation from CMT Digital Ventures, the LAO DAO, Folius Ventures, TRGC, Metaweb Ventures, Very Early Ventures, Factor Ventures, Fantom Foundation, and Unstoppable Domains Ventures, among others.

The funds will be utilized to accelerate product development and the provision of advanced staking services, as well as to drive user acquisition and recruiting initiatives, with a focus on increasing the company’s technical staff.

Gateway.fm Serving Market Demand

The node infrastructure environment has been mostly dominated by a few chosen industry participants across the blockchain sector. There is a significant market need for infrastructure solutions and services that support several blockchains in today’s multi-blockchain world. Furthermore, there is a rising class of fintechs aiming to broaden their service offerings and enter the blockchain arena. This need a strong, dependable infrastructure.

What is the Gateway.fm solution for?

Gateway.fm, a major Web3 infrastructure firm, is focused on developing decentralized RPC solutions that do not rely on centralized services like Amazon Web Services (AWS). To far, a number of major industry giants, including 1inch, Gnosis, Ethereum Foundation, NEAR, and Polygon Labs, have provided substantial market validation for the company’s ‘Grow,’ ‘Access,’ and ‘Jumpstart’ solutions.

The Gateway Grow solution is designed for institutional staking validators on Proof-of-Stake (POS) networks like as Ethereum, Gnosis, and IXO. Gateway Access is the company’s specialized, low-cost RPC node service designed for scalability, and it now supports ETH, Fantom, NEAR, and Gnosis. Gateway Jumpstart helps new blockchains, appchains, and protocols to deploy mainnets faster and increase user acceptance.

Company comments

Co-Founder and CEO of Gateway.fm, Cuautemoc Weber, said:

“Today’s announcement represents a firm stamp of approval for our product suite from a collection of top global investment visionaries. Alongside Igor Mandrigin, my Gateway co-founder and CTO, I’ve felt that the spirit of decentralisation at the heart of the Web3 movement has been undermined by limited access to scalable infrastructure. No more. We want to provide reliable node infrastructure, best-in-class validators and robust dev tooling to help Web3 projects scale at pace, while enticing financial institutions and enterprises to explore blockchain technology with confidence.”

Roderik van der Graaf, Founder of Lemniscap, added:

“At Lemniscap, we have a keen interest in driving forward sophisticated multi-chain infrastructure and tooling. With a set of elite-grade, next-gen tools, Gateway is broadening the inclusivity, availability and reliability of blockchain networks and protocols. The team is composed of distinguished leaders across the fields of blockchain, distributed software, fintech, information security and telecommunications – providing excellent infrastructure solutions tailored to projects’ networking needs, while facilitating a new wave of Web3 innovation.”