Blockchain networking and security company Syntropy has raised $4m in a post-seed funding round led by Alpha Transform Group, Alphemy Capital, Denali Digital, Saxon Ventures, and FirstBlock Capital.

The funds will be used to develop a Web3 product that aims to simplify the complex connectivity layer for the average user. The funding will also allow the company to make its Web3 product accessible to developers and users alike, with the aim of making Web3 mainstream.

Syntropy has also rectified a communication oversight from its previous seed round by providing a comprehensive overview of the previous $5m seed round. This was led by investors including Maven 11, Alpha Sigma Capital, Coinshares CIO Meltem Demirors, BlackRock general manager Obie McKenzie, and ViacomCBS CTO Phil Wiser.