PANews reported on October 17th that hardware crypto wallet company Ryder announced the completion of a $3.2 million (approximately $3.15 million USD) seed round, led by Tim Draper 's Draper Associates . Participants included Borderless , Semantic , Smape , VeryEarly , as well as Solana co-founder Anatoly Yakovenko and Asymmetric founder Joe McCann . The funds will be used to increase Ryder One hardware wallet production capacity, expand its marketing and engineering teams, and advance its " TapSafe " recovery solution: distributed backups via mobile phones and NFC recovery tags, requiring physical access for retrieval, replacing mnemonics with single-point-of-failure recovery phrases. Ryder claims wallet creation and backups can be completed in under 60 seconds.PANews reported on October 17th that hardware crypto wallet company Ryder announced the completion of a $3.2 million (approximately $3.15 million USD) seed round, led by Tim Draper 's Draper Associates . Participants included Borderless , Semantic , Smape , VeryEarly , as well as Solana co-founder Anatoly Yakovenko and Asymmetric founder Joe McCann . The funds will be used to increase Ryder One hardware wallet production capacity, expand its marketing and engineering teams, and advance its " TapSafe " recovery solution: distributed backups via mobile phones and NFC recovery tags, requiring physical access for retrieval, replacing mnemonics with single-point-of-failure recovery phrases. Ryder claims wallet creation and backups can be completed in under 60 seconds.
Crypto wallet Ryder secures $3.2 million in seed funding and launches TapSafe to replace mnemonics
2025/10/17 15:28
PANews reported on October 17th that hardware crypto wallet company Ryder announced the completion of a $3.2 million (approximately $3.15 million USD) seed round, led by Tim Draper 's Draper Associates . Participants included Borderless , Semantic , Smape , VeryEarly , as well as Solana co-founder Anatoly Yakovenko and Asymmetric founder Joe McCann . The funds will be used to increase Ryder One hardware wallet production capacity, expand its marketing and engineering teams, and advance its " TapSafe " recovery solution: distributed backups via mobile phones and NFC recovery tags, requiring physical access for retrieval, replacing mnemonics with single-point-of-failure recovery phrases. Ryder claims wallet creation and backups can be completed in under 60 seconds.
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