Recently, Bastion, a Crypto/Web3 startup founded by two former senior employees of a16z, successfully raised $25 million in a seed funding round.
Notably, a16z is leading this funding round, with the participation of several other major funds such as Laser Digital Ventures, Robot Ventures, Packy McCormick, and Not Boring Capital.
However, with the capital they’ve just secured, Bastion plans to hire additional staff responsible for regulation and compliance, along with further expanding the company.
“We see Bastion as the ultimate destination for consumer brands entering web3, like Nike and Starbucks, to create a smooth and exciting experience similar to web2.”
— Nassim Eddequiouaq, Co-founder of Bastion
Bastion is a company that provides solutions to help other companies easily adopt blockchain-based technology and attract web3 users.
On the founders’ side, Nassim Eddequiouaq and Riyaz Faizullabhoy previously worked in the Security Infrastructure sector at Meta before joining a16z Crypto.
In summary, Bastion has secured $25 million in funding with a16z leading the way, and they aim to simplify the integration of blockchain technology for companies and enhance their appeal to web3 users, offering a smooth and engaging experience.