Thursday, October 6, 2022
HomeDeFiWeb-3 based platform Integral secures $8.5 million in funding round lead by...

Web-3 based platform Integral secures $8.5 million in funding round lead by Electric Capital

Integral, a real-time finance platform for web3 enterprises, has successfully completed a $8.5 million round of funding led by Electric Capital. Among the notable investors who participated in this round of funding are former Coinbase CTO Balaji Srinivasan, Color Genomics co-founder Elad Gil, Hustle Fund, Mantis, Maple VC, Anchorage founder Diogo Monica, and Dapper Labs founder Roham Gharegozlou, among others.

Integral provides an interface that is real-time and interactive, and it gives richer financial data. Integral assists web3 teams with reducing the risks associated with the deployment of their treasury in a manner that is both purposeful and in real time. The technology has assisted organisations in processing $5 billion worth of crypto accounting transactions in just the last five months alone, and it has done so while working with some of the top web3 companies.

“Real-time finance is essential for web3 companies. In web2, insights come 7-30 days after the month-end. In web3, 30 days could be the difference between owning $10M and $5M worth of crypto assets,” said Gui Laliberte, founder of Integral. 

Real-time financing is seen by Integral as a competitive advantage for web3 and web2 businesses, which is the driving force behind the company. The ability to see Profit and Loss Statements in real time enables quicker and more accurate decision making. The utilisation of the treasury may be improved with the help of real-time balance sheets. Transparency in all aspects of the organisation, from boardrooms to DAO communities, is ensured via cash flow reporting in real time.

Prior to joining Electric Capital as an entrepreneur-in-residence, Laliberte was the founder of and ultimately sold the homeownership platform known as Setter, which had been financed by Sequoia. Integral has a world-class staff that comes from world-class security and data backgrounds at Palantir, Paypal, Amazon, Meta, and VMWare. Integral was founded by four individuals who were also among the company’s original founders.

At the moment, Integral is providing early access permits to web3 enterprises, DAOs, and web2 companies who have cryptocurrency aspirations and cryptocurrency treasuries that are more than $10 million.

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Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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