Fuse Network
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Fuse Network - overview
Established
2019
Location
Tel Aviv, -, Israel
Primary Industry
Software
About
Based in Tel Aviv, Israel, and founded in 2019 by co-founder and CEO Mark Smargon, Fuse Network, a. k. a. Fuse operates as a financial technology company that focuses on developing a public blockchain ecosystem that offers Web3 payments.
In September 2024, Fuse Network raised USD 12 million in venture funding led by Multicoin Capital, with participation from Balderton Capital, Lakestar, and Accel. Fuse Network is an EVM-compatible blockchain designed for Web3 applications, offering an infrastructure for businesses and consumers. The platform provides various resources, including documentation for developers to understand network details, wallets, and bridges. The firm also offers FuseBox, which enables users to develop UX by leveraging account abstraction, gasless transactions, and more.
Additionally, it offers multiple APIs, such as Smart Wallets, Trade, Notifications, and Staking APIs, facilitating functionalities like token swaps and real-time data access. The company plans to use its proceeds from September 2024 funding to support its Project Zero, which intends to create a decentralized physical infrastructure network with sustainable energy.
Current Investors
Accel, Balderton Capital, Lakestar
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Application Integration Software
Website
www.fuse.io
Verticals
Blockchain, Blockchain, Cloud Computing, FinTech, FinTech, FinTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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