EthSign has raised $12 million in stable coin, led by Sequoia Capital India and Mirana Ventures.
Sequoia Capital (US) and Sequoia Capital China also participated in the round.
Other investors include Amber Group, Hack VC, Circle Ventures, and angel investors including Balaji Srinivasan (former CTO of Coinbase) and Sandeep Nailwal (cofounder of Polygon).
The company said many of its backers used EthSign Signature during the fundraising process.
EthSign Signatures, the team’s first product, is live and has amassed more than 10,000 users. The team is developing a new version of EthSign Signatures that will be launched in the second quarter of this year.
Founded by Xin Yan, Potter li, and Jack Xu, EthSign is building various decentralized tools for executing agreements and smart contracts, especially for web3 native business transactions.
It is also building use cases to bridge the crypto and traditional worlds.
The startup previously raised $650,000 led by venture capital firm Draper Associates.
The team will utilize the funds for product development and community growth.
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