When was Web3Auth founded?

Web3Auth was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is Web3Auth located?

Web3Auth is headquartered in Singapore, Singapore. It is registered at 60 PAYA LEBAR ROAD #08-05 PAYA LEBAR SQUARE SINGAPORE 409051.

Which legal entities is Web3Auth associated with?

Web3Auth is associated with TORUS LABS PRIVATE LIMITED.

How many employees does Web3Auth have?

As of Jul 01, 2024, the latest employee count at Web3Auth is 23.

Is Web3Auth a funded company?

Web3Auth is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 09, 2019.

When was the latest funding round of Web3Auth?

Web3Auth's latest funding was a $***** Series A round on Jan 12, 2022, with participation from 18 investors.

Where does Web3Auth rank among its competitors?

Web3Auth ranks 3rd amongst 29 active competitors, of which 11 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Privasea, which secured an undisclosed amount in Dec, 2024.

Who are the top competitors of Web3Auth?

Web3Auth's top competitors include Ping Identity, Civic Technologies and Procivis. Among them, Privasea secured the most recent funding round in December, 2024.

Web3Auth - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Cloud-based infrastructure for decentralized applications and wallets. Offers solutions for non-custodial multi-factor authentication. It provides simple and secure access to digital assets and identity across multiple platforms and applications.

Website: web3auth.io
Social
Registered Address: 60 PAYA LEBAR ROAD #08-05 PAYA LEBAR SQUARE SINGAPORE 409051

Key Metrics

Founded Year

2018

Location

Singapore, Singapore

Stage

Acquired

Total Funding

$15M in 2 rounds

Latest Funding Round

Series A, Jan 12, 2022, $*****

Investors

Peak XV Partners & 25 more

Ranked

3^rd among 29 active competitors

Employee Count

23 as on Jul 01, 2024

Similar Companies

Ping Identity & 35 more

Exit Details

Acquired by Consensys (Jun 02, 2025)

View Web3Auth's full profile

Web3Auth is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TORUS LABS PRIVATE LIMITED CIN: 201832986W , Singapore, Active	Dec 31, 2017	-	-

Web3Auth got acquired by Consensys on Jun 02, 2025.

Click here to take a look at Web3Auth's acquisition in detail

Web3Auth has raised a total funding of $15M over 2 rounds. Its first funding round was on Jul 09, 2019. Its latest funding round was a Series A round on Jan 12, 2022 for $*****. 18 investors participated in its latest round. Web3Auth has 24 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Web3Auth:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 12, 2022	4278821	Series A	4703280	5201079	3006239	7719737
Jul 09, 2019	6677484	Seed	5439017	9709659	Multicoin Capital	Horizon Investments & 4 more

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View details of Web3Auth's funding rounds and investors

The founders of Web3Auth is Yong Yu.

Here are the details of Web3Auth's key team members:

Yong Yu: Co-Founder of Web3Auth and founder of 1 other company. They serve on the board of 1 company.

Web3Auth's Board of Directors

Web3Auth's board has 3 active members. Yong Yu is part of team and Leonard Tan and Ong Jun Hao are independent board members.

Here is the list of Web3Auth's board of directors:

Name	Type	Representing	Status	Duration
Yong Yu	Team	-	Current	7y 4m
Leonard Tan	Independent board member	-	Current	7y 4m
hpkvfgj	Independent board member	-	Current	5y 5m

View details of Web3Auth's Founder profiles and Board Members

Web3Auth's employee count trend

Web3Auth has 23 employees as of Jul 24. Here is Web3Auth's employee count trend over the years:

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Top competitors of Web3Auth include Ping Identity, Civic Technologies and Procivis. Here is the list of Top 10 competitors of Web3Auth, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ping Identity 2002, Denver (United States), Acquired	Provider of identity security solutions for digital enterprises and organizations	$137M	DFJ Growth, W Capital Partners & 22 others	79/100
2nd	Civic Technologies 2016, Palo Alto (United States), Seed	AI and blockchain based decentralized identity and attribute verification solutions	$2.75M	Social Leverage, Sound Ventures & 29 others	71/100
3rd	Web3Auth 2018, Singapore (Singapore), Acquired	Cloud-based infrastructure for decentralized applications and wallets	$15M	Peak XV Partners, Union Square Ventures & 24 others	62/100
4th	Procivis 2016, Zurich (Switzerland), Acquired	Developer of technology for digital identity, credentials, and wallets	$300K	Orell Fussli, Fyrfly Venture Partners	54/100
5th	IndyKite 2016, San Francisco (United States), Seed	Provider of cloud and blockchain-based security solutions for IoT and AI applications	$10.5M	Alliance Venture, Molten Ventures & 2 others	52/100
6th	Privasea Gothenburg (Sweden), Series A	Developer of a proof-of-human technology using biometric data encryption	$15M	Binance Labs, GSR & 12 others	51/100
7th	SelfKey 2012, Ebene City (Mauritius), Funding Raised	Provider of digital identity wallet management solutions	-	Rhapsody Ventures, 08Capital & 1 others	47/100
8th	Metadium 2018, West Bay (Cayman Islands), Seed	Provider of decentralized platform to manage digital identity	-	Ausvic Capital, 500 Global & 20 others	43/100
9th	Qui 2022, Toronto (Canada), Series A	Offering federated identity management solutions	$5.06M	Round13 Digital Asset Fund, OMERS & 2 others	43/100
10th	Gateway 2021, New York City (United States), Seed	Platform to issue, manage, and consume verifiable credentials	$4.2M	Reciprocal Ventures, Spartan Group & 4 others	39/100