The encryption wallet infrastructure company Privy has raised $15 million in funding.

[Encryption Wallet Infrastructure Company Privy Raises $15 Million] Blockchain infrastructure company Privy announced the completion of $15 million in financing, led by Ribbit Capital, with participation from Sequoia Capital, Paradigm, and CEX. The valuation of this round of financing has not been disclosed. According to reports, this financing will raise Privy's total funding to over $40 million. Headquartered in New York, Privy provides development tools for enterprises looking to offer Blockchain services, aiming to simplify the connection process between encryption Wallets and applications or websites. It is reported that Privy will use this round of financing to double its 25-person team size over the next 18 months.