Company News

Announcing Our $5M Seed Round

We're excited to share the next chapter of Starlight.

At Starlight, we are on a mission to make crypto accessible for companies of all stages and industries. It’s already 2022, and there are still no great solutions to help businesses easily setup wallets, onramp into crypto, and manage their on-chain expenses, all while staying compliant. We believe people shouldn’t have to jump through 10 hoops and duct tape 5 different solutions together just to make their business operational in crypto.

That’s why today I am excited to announce that we’ve raised a $5M seed round, co-led by Abstract Ventures and A* Capital, joined by from some of the brightest minds in both crypto and fintech.

Our Journey to Starlight

When Ben and I left our full time jobs last year to explore full-time in web3, we realized that it was extremely difficult for a startup to buy crypto. If you’ve ever tried to buy crypto for your company, you’d know this pain — the onboarding process from existing solutions can take up to months with often no clear end in sight. Companies cannot afford to wait this long, so they end up having employees front crypto using their personal wallets for fiat reimbursement at a later date.

Even if the patience pays off and eventually you do onboard onto one of these major exchanges, there is no way of keeping a clean track record of your crypto transactions. You likely have your crypto spread out on exchanges, treasury wallets, or team specific wallets. It’s common to see companies attempt to track their crypto through a dozen plus Excel spreadsheets. At this point, the manual labor required to figure all this out becomes more than a full-time job.

That’s why we decided to build Starlight — the one-stop-shop for any company’s crypto needs. Starlight offers everything a company needs to operate in the crypto economy, from setting up wallets, to buying crypto, to tracking expenses.

Our goal is to provide teams that are building in web3 the necessary tools that they need to innovate. We want you to focus on building your product, not pull your hair out trying to figure out how to buy Ethereum.

Our Investors

To help us scale our team and product, we are excited to partner up with our co-leads, Abstract Ventures and A* Capital. We are also thrilled to have participation from South Park Commons, Script Capital, Brevan Howard, Box Group, SV Angel, Paxos and Shrug Capital.

In addition, many experienced founders, operators, and angel investors are participating in our round, including: Charley Ma (GM, Alloy), Mahdi Raza (ex-Robinhood), Sabrina Hahn, Sahil Bloom, Lachy Groom (ex-Stripe), Balaji Srinivasan (ex-CTO, Coinbase), William Hockey (Co-Founder, Plaid), Raj Gokal (Co-Founder, Solana), and many more.

What’s next

Since announcing Starlight on Twitter a few months ago, we’re incredibly grateful to have received positive feedback about the product from the community. Our plan is to continue onboarding users onto our beta program, iterate on the best user experiences possible, and then release Starlight publicly in the months following. If you want to be part of the beta, sign up for the waitlist here.

We are currently hiring across all functions including engineering, design, product, marketing, and business development. Even if you don’t see the exact role for you but are really excited to join the team, don’t hesitate to reach out. If this sounds exciting, check out our job listings here and come join us!