MATH, the company behind MathWallet, has raised $12 million in a Series B funding round led by Binance Labs, the investment arm of the popular crypto exchange.
- NGC Ventures, Capital6 Eagle and Amber Group co-led the round.
- According to a blog post Thursday, the investment will enable MATH to accelerate product updates for its wallet, grow its ecosystem of decentralized apps (dapps) and connect more widely in the global market
- With over 54 cryptocurrencies supported, Eric Yu, co-founder and CTO of MathWallet, claimed the product "is currently the crypto wallet supporting the most public chains."
- MathWallet secured a $7.8 million series A+ funding round led by Alameda Research and Multicoin Capital in November.
- Binance Labs said MathWallet is one of the first crypto wallets to support Binance Smart Chain, the company's alternative to Ethereum.
- MATH's "comprehensive coverage of public blockchains and their early support for and cooperation with the Binance Smart Chain were instrumental in our investment decision," said Wei Zhou, head of Binance Labs.