Reown remains a core developer of the WalletConnect Network, and facilitates over 20 million monthly connections for its users.
Reown, formerly known as WalletConnect, today announced it has closed a $13 million Series B funding round.
The round was led by USV and 1kx, and included firms like Global Digital Asset Holdings, Shopify Ventures, Kraken Ventures, Crypto.com Capital, Figment, Kiln, Everstake, BitGo Ventures, and Fenbushi.
Jess Houlgrave, CEO of Reown, stated, “The WalletConnect Network has long been the essential bridge connecting wallets, apps, and users. Now, we’re entering the next phase of growth, where the Network will also serve as a bridge to the traditional financial system. As we approach the ‘iPhone moment’ for crypto, there’s still a pressing need for transformative improvements in onchain user experiences.”
Reown’s expertise in onchain UX positions its products as critical solutions where traditional finance, fintech, and decentralised finance overlap. It recently announced Smart Sessions, a feature that addresses the challenge of subscription payments in crypto without relying on escrow accounts.
The Reown WalletKit provides tools, libraries, and APIs to streamline the process of connecting wallets to decentralised applications. The kit also focuses on gas abstraction, aiming to remove the need for users to understand or manage gas fees.
Lasse Clausen, Founding Partner at 1kx, remarked, “Reown is redefining how individuals and businesses interact with digital assets. As we move toward a world where digital assets are central, ensuring smooth onboarding and ease of use is paramount. We’re proud to support Reown as they continue to shape the future of ownership and connectivity.”
