Privy, a provider of cryptocurrency wallet infrastructure, has successfully raised an estimated $15 million in its latest funding round led by Ribbit Capital. This investment highlights the growing interest in crypto infrastructure and brings Privy’s total funding to over $40 million.

The firm announced this funding on Wednesday, emphasizing that it offers application programming interfaces (APIs) allowing developers to manage user data and provide crypto services enabling customers to buy, sell, and hold cryptocurrencies.

Privy’s statement read:

“Businesses that emerge from the early adoption of crypto rails will not only thrive but also redefine how value is created and exchanged globally.”
Translation: Businesses that come out of early acceptance of cryptocurrency infrastructure will succeed and change how value is globally produced and exchanged.

This latest funding round included participation from well-known investors such as Sequoia Capital, Paradigm, BlueYard, and Coinbase.