Crane Invests in the Future of Web3 Communication

Tuesday 27th September, 2022

Crane Venture Partners co-led Mailchain’s $4.6m Seed round alongside Kenetic Capital. Mailchain provides a communication mechanism for Web3, solving one of the decentralised online ecosystem’s significant issues.

As it stands, Web3 users can’t send or receive messages from their blockchain identities, making communication overwhelming and confusing. Tim Boeckmann, CEO of Mailchain, explains where his company comes in. “We’re excited to solve the biggest problem around communication today. People can now email natively… All creators, all communities, and Web3—finally connected and communicating in context.”

The investment was co-led by MH client Crane Venture Partners. Crane invests in Pre-Seed and Seed stage startups, focused on solving problems through software. Scott Sage, a partner at Crane, commented, “What drew us to Mailchain was the team’s commitment to align the technology design and implementation with the ethos of Web3”.

We were thrilled to work with Crane on the investment. David Strong and Inbar Cohen led the MH team.

Congratulations to everyone involved!