EtherMail raised $3M in seed round funding

EtherMail has recently announced $3 million raised in their recent seed funding round, led by Fabric Ventures and Greenfield One. The funding will be used for team expansion and to accelerate solution testing as the company gears up for the Q3 release of its encrypted wallet-to-wallet email communication solution, which has already received thousands of pre-registrations.

EtherMail will be introducing its native utility token, $EMT early next year. $EMT will be an ERC-20 token based on the Ethereum network. They claim this token will be a first-of-its-kind incentivization mechanism designed to reward email users for their time and attention reading unsolicited emails, creating a much-needed framework for email economics.

Shant Kevonian, CEO and Co-founder of EtherMail said: “This seed round represents a strong seal of approval for the unique EtherMail value proposition, and will help us showcase our distinct solution – which can be used by any user and any mail client – to a wide range of companies within the burgeoning blockchain space. We are providing a robust communication bridge from Web 2.0 to Web 3.0, and have already attracted interest from top platforms who want to explore partnership synergies. Watch this space.”

Rene Reinsberg, the founder of Celo, also invested in EtherMail’s recent fundraising round and the EtherMail team will be adding more industry insiders and advisors in the coming months, in preparation for the official launch in Q3.

On the image: Founders of EtherMail, Shant Kevonian and Gerald Heydenreich