Asset Management Platform Narval Closes $4 Million Seed Round with a16z Involved

Narval, the Web3 asset management platform, closed a $4 million seed round led by BlockTower VC with participation from a16z, Fabric Ventures, First Capital, Cherry Crypto, Motier Ventures and Bpifrance.

Narval's team remains small at less than ten people. The company will use the new funding to hire engineers and designers, while continuing to work on the platform and increasing marketing efforts.

The company is building its "usage platform for web3 wallets," which is designed to provide organizations with a more secure way to interact with digital assets, and will help them manage and make use of everything from crypto to NFTs.