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UK Web3 Firm Pimlico Secures $4.2M Seed Investment Led by a16z Crypto

Pimlico, a UK-based Web3 company, has successfully closed a seed investment round worth $4.2 million, led by the major venture firm Andreessen Horowitz’s crypto arm a16z Crypto. The new funding round comes after a recent pre-seed round, and marks a “crucial milestone” for Pimlico in their journey to “redefine smart contracts,” an announcement from the company said. Launched earlier this year, Pimlico’s stated mission is to make the use of Ethereum easier by providing the infrastructure for the next generation of smart accounts based on the ERC-4337 standard, co-authored by notable figures including Ethereum creator Vitalik Buterin, Yoav Weiss, Dror Tirosh, and Pimlico’s CEO.

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