Web3 startup Comm raises $5M in bid to compete with Discord

08/25 15:38

Web3 messaging app Comm has raised a $5 million seed round led by CoinFund, funds the startup hopes will set it up to compete with Discord. The consumer privacy startup is working on scaling end-to-end (E2E) encryption that currently only works for chat apps such as Signal or Whatsapp, with a mind to eventually replace centralized backends. Other investors in the seed round include Electric Capital, Slow Ventures, LongHash VC, Shima Capital and Eniac Ventures.
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