What is Arweave?
Arweave is pioneering a permaweb solution designed to ensure the indefinite storage of documents and applications. This innovative approach creates a web experience that mirrors the conventional internet but guarantees that all content, from images to full web applications, is permanent, rapidly accessible, and fundamentally decentralized. Founded in 2017 and headquartered in the United Kingdom, Arweave addresses the critical need for lasting digital permanence in an increasingly ephemeral online world.
How much funding has Arweave raised?
Arweave has raised a total of $13.3M across 2 funding rounds:
Angel/Seed
$5M
Other Financing Round
$8.3M
Angel/Seed (2019): $5M with participation from 1kx, Multicoin Capital, Andreessen Horowitz, Union Square Ventures, and Techstars
Other Financing Round (2020): $8.3M led by Andreessen Horowitz, Union Square Ventures, and Coinbase Inc
Key Investors in Arweave
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for its investments in technology companies. Their focus often includes disruptive innovations and platforms poised for significant market impact.
Union Square Ventures
Union Square Ventures is a New York City-based venture capital firm that invests in transformative markets influenced by technological and societal changes, focusing on innovative companies poised for growth.
1kx
1kx is an investment entity that typically engages with early-stage projects in the blockchain and cryptocurrency space, focusing on foundational technologies.
What's next for Arweave?
The substantial enterprise-level funding Arweave has garnered, particularly the recent strategic investment, signals a strong market conviction in its long-term vision. This capital infusion is expected to accelerate the development and adoption of its permaweb technology, solidifying its position as a leader in decentralized and permanent data storage. The company is poised to further expand its infrastructure and ecosystem, driving the evolution towards a truly permanent digital future.
See full Arweave company page
