Utila, a New York-based digital asset operations platform, has secured $18 million in a Series A funding round.
Investors
The round was led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners.
Nyca Partners is a New York-based venture capital firm specializing in fintech investments. The firm provides both capital and strategic guidance. Founded in 2014, it manages nearly $1 billion in assets and has backed over 100 startups.
Utila Use of Funds
The company will use the funds to scale its global operations and enhance R&D efforts for its institutional MPC wallets.
About Utila
Utila provides a platform designed to help enterprises, payment firms, and financial institutions manage and build on digital assets. Its secure, flexible wallet infrastructure supports multiple blockchains and features military-grade MPC wallets, robust APIs, and customizable user and transaction management. The platform also integrates with various services, including AML, banking, exchanges, and DeFi platforms. With offices in New York, Tel Aviv, London, Berlin, and Singapore, Utila’s mission is to be the leading institutional-grade wallet provider in this new era.
Funding Details
Company: Utila, Inc.
Raised: $18.0M
Round: Series A
Funding Date: March 2025
Lead Investor: Nyca Partners
Additional Investors: Wing VC, NFX, Haymaker Ventures, Gaingels, Cerca Partners
Company Website: https://utila.io/ a
Software Category: Digital Asset Infrastructure
Source: https://utila.io/blog/utila-secures-18m-series-a-funding/