Data privacy solution Privy completes $18 million Series A funding round led by Paradigm.

BlockBeats reported on November 21 that Privy, a data privacy solution, has completed a $18 million Series A funding round with lead investor Paradigm and participation from Sequoia Capital and others. On Tuesday, Privy also announced that Huang, a former partner at Sequoia Capital and current board member at Stripe, will join the company's board of directors. As previously reported by BlockBeats on April 21, 2022, Privy raised $8.3 million in seed funding with lead investors Sequoia Capital and Blue Yard Capital, and participation from Electric Capital, Archetype, BoxGroup, and Protocol Labs. Privy aims to solve the contradiction between poor user experience for multi-wallet users and privacy risks associated with integrated login through Web3 solutions. The funding will be used to build the team and continue to create use cases that meet customer needs.