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Atato announces a $6m Series A fund raise

By Leandra Monteiro

July 28, 2022

  • AlphaLab Capital
  • Atato
  • Digital assets
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Atato Atato, a licensed digital asset custodian offering MPC custodial solution aimed at corporates and institutions, announced the close of their successful Series A round, affirming bullish sentiment for infrastructure projects in blockchain-related markets.

Led by AlphaLab Capital and FEBE Ventures, Atato’s Series A round included top tier investors such as Tom Trowbridge, NGC Ventures, January Capital, Babel Finance and Atato’s seed investor SOSV.

“The fact that we’ve inspired investor confidence in the current market conditions is a clear endorsement of Atato’s long-term roadmap and vision,” said Guillaume Le Saint, Atato Founder & CEO. “Atato’s MPC institutional grade custodial product provides institutions and entities with an extremely cost-efficient solution with enterprise-grade security and regulatory compliance that supports digital assets as well as interact with Web3.0 and DeFi. Our product offerings are well-placed to deliver value to an underserved market segment that desires to explore decentralized finance using Atato’s special custodial solution.”

Atato’s fully regulated custodial solution goes beyond enabling institutions to securely manage their digital assets by combining enterprise-grade security with MPC technology and customisable roles and transaction policies. This reduces the traditional risk of private seed phrase/key management and addresses the risks of human failure or misconduct.

“We’re impressed by Atato’s user-friendly onboarding and UI which also gives power users API access – a unique feature in the market,” said Michal Krasnodebski, COO of AlphaLab Capital. “Bring Your Own Chain will also be transformative for institutional customers eager to engage with, and support new chains and projects.”

Atato’s regulatory advantage and service offerings for an MPC custodial solution is a game-changer for securing and performing transactions for digital assets. With more corporates looking to expand their services into crypto – yet are hesitant due to lack of infrastructure available, Atato’s timely emergence truly fulfills a pressing market need with a solution that simplifies the management and security of their digital assets.

The full group of investors includes: AlphaLab Capital, FEBE Ventures, Babel Finance, NGC Metaverse Ventures, NFT1, Huashan Capital, Tom Trowbridge, Wing Vasiksiri, January Capital, as well as SOSV, and prominent angel investors such as Dan Bertoli and others in the gaming and financial services industry.

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