EtherMail

EtherMail

Developing Web 3.0 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication.

HQ location
Barcelona, Spain
Launch date
Employees
Enterprise value
$16—24m
Company register number
B19366608
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DateInvestorsAmountRound
-investor investor

€0.0

round
investor investor

€0.0

round
*

$4.0m

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2022
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

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More about EtherMail
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EtherMail is positioning itself as a communication bridge between Web 2.0 and the decentralized Web3. The company was founded in 2021 by Shant Kevonian and Gerald Heydenreich, launching with the vision of creating an email solution focused on anonymous, encrypted, and wallet-to-wallet communication. Shant Kevonian, the CEO, left university early to immerse himself in the Barcelona startup scene, eventually becoming CTO at ByHours and advising for SoundStage.fm, which was later acquired by Audius. President and co-founder, Gerald Heydenreich, is a seasoned entrepreneur who previously founded and sold BuyVIP to Amazon and created the social selling community Pippa&Jean. Their combined experience in technology and e-commerce underpins EtherMail's strategic direction.

The core of EtherMail's business is a Web3-centric email platform that allows users and companies to communicate directly via crypto wallet addresses. This model serves two primary client types: individual crypto users and Web3 companies. For users, the platform offers a privacy-focused email service where they retain ownership of their inbox and can earn rewards for engaging with promotional content. For businesses, EtherMail functions as a marketing hub, enabling them to send targeted communications to asset holders based on real-time, blockchain-synced data, such as NFT ownership or token holdings. Revenue is generated from these companies who pay to send promotional emails, and a significant portion of this revenue is redistributed to users as rewards in the form of the platform's native utility token, $EMT.

The service is designed to function like familiar email clients but with integrated Web3 capabilities. A key feature is end-to-end encryption for all wallet-to-wallet communications, enhancing security and user privacy. The platform introduces an 'Email-as-a-Wallet' solution, simplifying user onboarding by allowing login via Google or Apple accounts, which then creates a non-custodial wallet. This facilitates direct interaction with Web3 products and the buying of digital assets from within the inbox. EtherMail also supports integrations with services like Ethereum Name Service (ENS) and Unstoppable Domains. The company has secured significant funding, including a $3 million seed round in August 2022 led by Fabric Ventures and Greenfield One, followed by a $4 million round in March 2023 led by Tim Draper.

Keywords: Web3 email, wallet-to-wallet communication, blockchain communication, encrypted email, crypto wallet email, decentralized communication, Shant Kevonian, Gerald Heydenreich, consensual marketing, read-to-earn, $EMT token, Email-as-a-Wallet, crypto user engagement, NFT holder communication, blockchain data marketing, Draper Associates, Fabric Ventures, Greenfield One, Web3 user onboarding, decentralized applications

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