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Arcana Network is a Bengaluru, India-based Web3 infrastructure company providing developer tools, decentralized storage solutions, and a Chain Abstraction protocol for decentralized applications. The platform offers authentication software development kits and gasless transaction capabilities designed to unify user balances across multiple blockchain networks without manual bridging. Operating with approximately 16 employees, the enterprise raised $2.3 million in a 2021 seed funding round to expand its product portfolio and launch its native cryptocurrency token. The organization is backed by prominent venture capital firms and angel investors, including Republic Crypto, Woodstock Fund, Arcanum Capital, Balaji Srinivasan, and Sandeep Nailwal. Following the 2023 release of its SendIt application for cross-chain cryptocurrency transfers, the company launched its utility token on multiple cryptocurrency exchanges in 2024. Arcana Network was founded in 2019 by Mayur Relekar, Aravindh Kumar, and Abhishek Chaudhary.
Arcana Network has raised $2.4M across 2 funding rounds.
Arcana Network has raised $2.4M in total across 2 funding rounds.
Arcana Network has raised $2.4M across 2 funding rounds. Most recently, it raised $2.0M Seed in October 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2021 | $2M Seed | — | Bankless Ventures, Meta Change Capital, Woodstock Fund, Balaji Srinivasan, Mariano Conti, Preethi Kasireddy | Announced |
| Jul 1, 2021 | $380K Seed | — | ParaFi Capital, Polygon Labs | Announced |
Arcana Network is a blockchain infrastructure company building a privacy-focused stack for decentralized applications (dApps), enabling developers to integrate secure storage, authentication, and user onboarding tools seamlessly.[1][2][4] It serves developers in sectors like DeFi, NFTs, social networks, gaming, fintech, healthcare, and enterprise SaaS, solving key Web3 pain points such as complex wallet management, gas fees, and data privacy through SDKs for decentralized identity, encryption, storage, and gasless transactions.[2][3][4] With products live on mainnet—like Arcana Auth (email/social logins without wallets), Arcana Gasless (sponsored fees via ERC-4337), and SendIt (crypto transfers via email/Twitter)—it has achieved traction with over 2,000 app deployments, 21,000+ SDK downloads, and partnerships with 100+ organizations.[3][4] Founded around 2019-2021 and headquartered in Bangalore, India (with some references to Singapore), the company raised a $30M Series A, employs 85+ professionals (or 11-20 per older data), and positions itself as a developer-friendly alternative to IPFS, Filecoin, and others.[1][2][7]
Arcana Network emerged in 2019 (primary founding year cited, though some sources note 2021) in Bangalore, India, under the legal name Arcana Network Technologies Ltd (or Arcana Technologies Limited), founded by a core team focused on blockchain privacy and UX challenges in Web3.[2][7] The idea stemmed from the need for a developer-friendly decentralized storage and privacy stack to rival centralized or cumbersome options like IPFS, Filecoin, Storj, and Sia, allowing builders to create secure dApps without deep blockchain expertise.[2][4] Early traction built through SDK releases for storage, non-custodial key management, end-to-end encryption, and identity services, expanding to authentication tools that bypass seed phrases and wallets.[2][3] Pivotal moments include mainnet launches of Arcana Auth, Gasless, and SendIt, partnerships with entities like Dappgenie and MetaOasis, and the $30M Series A funding milestone, fueling a team growth to 85+ and market leadership in privacy infrastructure.[1][3][4]
Arcana stands out in the crowded Web3 tooling space through its UX-centric, privacy-first SDK suite on a Validium-powered app-chain (Ethereum scaling for off-chain data with on-chain verification), emphasizing ease, speed, and scalability.[1][3][4]
(Note: arcananetworks.com refers to a separate automation firm founded in 1999, unrelated to this blockchain entity.[6])
Arcana rides the Web3 UX and mass adoption wave, addressing onboarding barriers like wallet complexity and gas fees amid Ethereum's scaling via Validium and account abstraction—critical as dApps target non-crypto users in gaming, social, DeFi, and beyond.[3][4][5] Timing aligns with 2024-2026 trends in privacy regulations (e.g., data sovereignty post-GDPR evolutions) and Layer-2 proliferation, where market forces favor plug-and-play infrastructure over custom builds, enabling faster launches for marketplaces and social apps.[1][2] It influences the ecosystem by powering 2,000+ dApps and partnerships, democratizing secure tooling for indie devs to enterprises, and pushing standards for walletless, gasless experiences that could accelerate crypto mainstreaming.[3][4]
Arcana is primed to dominate Web3 auth and privacy tooling, leveraging its mainnet traction and $30M war chest for global expansion, app-chain maturity, and adjacent features like advanced DeFi primitives or AI-data privacy stacks.[1][3] Trends like ERC-4337 ubiquity, regulatory privacy demands, and UX-driven adoption (e.g., social logins exploding in gaming/socialFi) will propel it, potentially capturing share from fragmented storage/auth providers. Influence may evolve toward ecosystem leader—think "Auth0 for Web3"—driving billions in dApp signups if it sustains innovation and partnerships. As a category-definer in privacy infrastructure, Arcana exemplifies how targeted UX solves Web3's biggest hurdles, revolutionizing decentralized apps from the ground up.[1][4]
Arcana Network has raised $2.4M in total across 2 funding rounds.
Arcana Network's investors include Bankless Ventures, Meta Change Capital, Woodstock Fund, Balaji Srinivasan, Mariano Conti, Preethi Kasireddy, ParaFi Capital, Polygon.