Pinestreetlabs
Building secure and scalable enterprise wallet software.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
* | $6.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Pine Street Labs, a venture-backed enterprise software company, was founded in 2022 by Justin Gregorius and Philip Glazman. The founders collectively possess extensive experience in the institutional crypto sector, with past roles at notable firms such as CoinList, a16z crypto, Bitmain, River Financial, and Cloudflare. Their firsthand experience with the difficulties developers face when integrating with blockchains spurred the creation of the company to offer a simplified solution. After working on grant projects building wallet infrastructure for Aleo and Umee, they identified a market niche for user-friendly, multi-chain crypto wallet software.
The company's core offering is WalletOS, an API-based platform designed to help developers build products that utilize public blockchains. This platform removes the complexity for businesses needing to interact with and maintain access to various networks by providing the necessary tools to generate addresses, send transactions, and retrieve data across multiple blockchains. Key functionalities include embedding transfers, staking, and smart contracts for over 18 protocols through a few lines of code. Pine Street Labs caters to a client base that includes custodians, exchanges, staking API providers, non-custodial wallets, and on-chain brokerages. The firm operates in the cryptocurrency/blockchain and FinTech sectors.
The business model centers on providing a non-custodial crypto wallet API, which allows enterprises to have a plug-and-play experience across different blockchains without needing in-house wallet engineering expertise. In October 2022, Pine Street Labs announced a $6 million seed funding round. The round was led by Polychain Capital, with participation from other prominent investors including Blockchain Capital, Coinbase Ventures, Genesis, CoinList, Figment, and BECO Capital.
Keywords: crypto infrastructure, blockchain development, wallet API, enterprise crypto solutions, multi-chain wallet, staking API, smart contract integration, non-custodial wallet, blockchain-as-a-service, developer tools, FinTech, digital assets, transaction API, blockchain integration, crypto software, institutional crypto, Polychain Capital, Coinbase Ventures, Justin Gregorius, Philip Glazman