The private sale also saw participation from Arrington Capital, Accel, and Terraform Labs. The funds will be used to expand the team, particularly in the areas of engineering and design, in addition to product development, the company said.
Founded in November 2021 by Sanjeev Rao, the wallet allows users to store, send, stake, and swap tokens.
“Leap Wallet was created to give users of the Terra blockchain an all-encompassing application that allows them to fully utilise the offerings of the ecosystem,” Rao said in a prepared statement. “By prioritising ease of use and safety, every step of our development process has kept our users front of mind,” he added.
Leap also recently announced the launch of their iOS & Android apps. In addition to wallet features, the application will soon integrate non-fungible tokens (NFT), gaming, identity, social, commerce and interactive media experiences, it said.
“The simple platform and wide array of offerings enhance the user experience significantly. The sheer number of applications necessary to fully immerse oneself in the ecosystem can be daunting for new users. Leap Wallet is solving that issue,” Austin Barack, partner at CoinFund, said in a statement.
Discover the stories of your interest
The company said most of its engineering and marketing employees are based in India and it is looking at scaling its team in the coming months.
