Spruce Raises $34M to Unbundle the Login for a User-Controlled Web
Spruce is excited to announce that we have raised $34 million in a Series A round led by Andreessen Horowitz.
Spruce enables users to control their data across the web as the world becomes increasingly dependent on cryptography, networks, and digital economies. Its product suite powers the necessary authentication, credentialing, and storage needed for portable reputation for users, providing decentralized access control to data, and interoperability between Web2 APIs and Web3.
ith the new funding, Spruce will spearhead research in cutting-edge privacy and usability technology for identity, grow its product teams, and continue to execute on partnerships across the ecosystem.
Spruce Supporters
Spruce is thrilled to welcome Okta Ventures, SCB 10X, Robot Ventures, and OrangeDAO, and for continued participation from Ethereal Ventures, Electric Capital, Y Combinator, A.Capital Ventures, Third Kind Venture Capital, Protocol Labs, SV Angel, and Gemini Frontier Fund.
Additionally, they are also joined by Alex Pruden, Anthony Sassano, Benjamin Jack, Dev Ojha, Ejaaz Ahamadeen, Jeromy Johnson, Juan Benet, Matias Woloski, Matt Condon, Matt Luongo, Ryan Li, Scott Belsky, Sunny Aggarwal, Teck Chia, Viktor Bunin, William Allen, Will Villanueva, and many more.
ABOUT Spruce
Spruce is leading efforts on Sign-in with Ethereum, enabling users to control their identity with their Ethereum account and ENS Profile instead of relying on a traditional intermediary.
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