Nov 15, 2022 in Austin, TX
Wasya Co announces today the receipt of a strategic round of seed funding.
This round has been led by a serial entrepreneur and venture capitalist, who wished to remain anonymous. Other accredited investors have joined in to provide operating capital to the company.
The spokeswoman for the company mentioned that they intend to start on another round of funding "promptly," to take advantage of the momentum that the team has built so far.
"We have a strong balance sheet, which is a very positive sign," said the speaker. "But we also have to take the right steps in order to get to the next stage. We have already invested in new products and new technology. Innovation continues being our #1 priority and a field that requires a significant amount of funding," she added.
This round's total amount has not been disclosed.
The project being worked on is an organizer for assets held on the blockchain. This is a new way for assets to be managed. The cryptographic blockchain is a distributed ledger technology, which is not controlled by a single person. This allows for a much more efficient and transparent way of managing assets, explained the technical lead on the team.
"This is a good sign of progress. We are now in the process of creating a new, more agile team, which will help us to move forward quickly. We are also in an exciting stage of building out the company.
"WasyaCo operates in a lean environment, with teams of fewer than a dozen people. The majority of the head count are in creative and engineering tracks." - said the person familiar with the matter.
Future goals of the company include ramping up hiring, upgrading equipment, and signing additional leases for commercial real estate space. "In the future, we will be focusing on other business areas, but will also be expanding the focus to include other services as time goes on" - said the SFO of the company.
"We are committed to providing exceptional value to our shareholders, and bringing delight to our customers. We are proud of our long and successful tradition of serving customers in the United States and internationally. Our company has grown over time, from a modest beginnings to where we are today. This growth is the result of the hard work of many dedicated individuals, including the management team, creative and engineering, and all the supporting personnel. We are proud to be an inclusive and open company and we are proud of our employees who have made this possible." - he concluded.