Fintech startup secures $5.8 million to advance Web3 infrastructure

Founded in 2022, Validation Cloud AG is a company that develops a Web3 infrastructure platform to facilitate and accelerate the transition of institutions and enterprises into Web3. Known as the "Cloudflare of Web3", the company provides a robust, scalable and intelligent platform that delivers staking, node API and data services inspired by Cloudflare's transformative impact on Web2 infrastructure.

Validation Cloud has successfully completed its first external investment round, led by San Francisco-based Cadenza Ventures and contributions from international investors including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures and AP Capital, raising $5.8 million.

Alex Nwaka, co-founder of Validation Cloud, expressed his excitement about the successful funding round: "This investment is a pivotal moment for Validation Cloud as we look to address the urgent need for scalable and compliant Web3 infrastructure. We are honored to partner with our investors who are instrumental in driving global adoption of our platform among leading networks, developers and asset managers."

Headquartered in Zug, Validation Cloud’s employees, as well as the leadership team, are distributed across North American, Europe and Asia, with Ralf Kubli, Validation Cloud’s President Europe, having his office in Zug. The startuphas a team of highly experienced professionals hailing from renowned companies such as Uber, Workday, Deloitte, Citadel, Morgan Stanley and others. Validation Cloud has close partnerships with early-stage networks and supports a wide range of ecosystems, from established ones like Chainlink, Hedera and Stellar to emerging networks like Aptos, Eigenlayer and Berachain.

The financial boost will allow the team to grow and to expand its Web3 platform both in terms of network coverage and product capabilities.

(Press releases / SR)
Image:  ©Validation Cloud, Leadership team: Andrew McFarlane (Co-founder and CTO), Alex Nwaka (CSO), Alex Altman (Co-founder and Chief Operating Officer) and Michael Horowitz (Co-founder and CEO).