Incorporated in Zug with a team spread across the globe, Nevermined is a Web3 company that provides tools to read, write and own your digital assets. The startup has closed its seed-funding round of €3 million, co-led by Signature Ventures and Polymorphic Capital.
The Nevermined platform consists of modular solutions that easily allow users the ability to create and monetize digital assets and participate in the read-write-own vision of Web3. The platform offers the foundations for building digital ecosystems with components like Tokenization Engine, Marketplace Creator, Royalties Engine, Decentralized Access Control, DAO Framework and DISC, or Data In-Situ Computation, for Remote Computation.
Don Gossen, CEO of Nevermined said: “The best internet is the one that everyone can access and own – and this is what Nevermined allows people to do. When it comes to Data mixed with Web3 our pedigree speaks for itself – our team has been working with cutting-edge tech for over 20 years, first in Big Data, and now in Web3. With these building blocks, we can help you realize your vision. I’d argue we’re the best team in the world that does what we do.”
The seed capital will enable Nevermined to achieve key goals. These include: advancing its product roadmap, accelerating its global footprint by strengthening its presence in key areas (product, engineering, marketing and community), and expanding the breadth and depth of the partner ecosystem with initiatives such as Autonomies, a music NFT platform allowing artists to become stakeholders.
“We only invest in outstanding teams that build the backbone of the decentralized future,” said Managing Director Juliane Hahn, Signature Ventures which co-led the investment round. “We see many startups that try to combine Data with Blockchains. Nevermined is the first company that understands the complexities and provides actual solutions at the intersection of Data and Web3. In the future every data-driven company will require the ability to turn its data silos into data ecosystems. Nevermined delivers the full product stack to do just that.”
“We’ve been very impressed with the Nevermined team,” said Vitaly Spassky, founder of Polymorphic Capital, a co-lead investor in the seed round. “They have the vision, as well as the tech talent and pedigree to execute. To us digital assets are a crucial building block for the decentralized web. And the Nevermined platform makes it super easy for teams and projects to integrate Web3 tech. We’re very excited to see what people will build with Nevermined.”
Born Global
Nevermined began as an incubation project within Keyko AG to solve issues around data sharing using tokenization and smart contract gateways. From there it evolved from a data-centric solution to a decentralized digital assets solution with much broader applicability. With a legal entity in Zug, Switzerland, the company today employs more than 12 people based in Europe and the USA.
(Press release)
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