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Web3 Security Startup Shield Raises $2.1M in Pre-Seed Funding

Web3 security firm Shield said Thursday it raised $2.1 million in pre-seed funding to build an industry standard that keeps businesses and consumers safe from potential threats. The funding phase for the company, which is also a member of crypto investment firm a16z's Crypto Startup School, included participation from Kraken Ventures, Eterna Capital, Alchemy, MoonPay and Rob Behnke, CEO of crypto security firm Holborn. Emmanuel Udotong, CEO and co-founder of Shield, told CoinDesk that the company is aiming to build an industry standard for companies in the Web3 space to securely operate their businesses.

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