Web3 e-mail solution EtherMail received $4 million in financing

It is reported that EtherMail, the Web3 e-mail solution, completed the pre-A round of financing of US $4 million, which was led by Draper Associates and participated by MS&AD Ventures. The company said in a press release that Tim Draper would also join the advisory board of the start-up company. The fund will be used to promote recruitment and market expansion, and it is also committed to accelerating the launch of its single sign-on solution and advertising market solution.

Interpretation of this information:

EtherMail, which is a Web3 e-mail solution, recently concluded their pre-A round of financing, raising a total of US $4 million. This round of financing was led by Draper Associates, a venture capital firm, and also saw participation from MS&AD Ventures. In addition to providing financial support, Tim Draper, the founder of Draper Associates, is also set to join EtherMail’s advisory board.

This funding is planned to be used for recruitment and market expansion. EtherMail is prioritizing the launch of its single sign-on solution and advertising market solution, which the funds will be used to accelerate. The solutions will work together to make email authentication and ad targeting more secure.

By developing its Web3 e-mail solution, EtherMail is focusing on building a more secure e-mail platform using blockchain technology. EtherMail’s Web3 e-mail solution is essentially an encrypted e-mail service that allows users to access and send messages using blockchain technology. Unlike traditional e-mail, which is hosted on a central server, Web3 e-mail is distributed, which makes it more secure.

The participation of Draper Associates in the funding round is a testament to EtherMail’s potential. Draper Associates is recognized for its investment in companies such as Baidu, Hotmail, Tesla, and Skype. With this funding and the addition of Tim Draper to its advisory board, EtherMail will likely gain more traction in the market.

In summary, EtherMail has recently completed its pre-A round of financing, raising US $4 million. Draper Associates and MS&AD Ventures participated in this funding. The fund will be used to promote recruitment and market expansion, as well as to accelerate the launch of its single sign-on solution and advertising market solution. The fact that Tim Draper, the founder of Draper Associates, will also join EtherMail’s advisory board highlights the potential of EtherMail’s Web3 e-mail solution. The three keywords for this message are: EtherMail, Web3 e-mail solution, and funding.