Crossmint raises $23.6M to transform Blockchain and AI integration

“You have to be absolutely bananas to start a serious start-up” – Founder Crossmint

Today Gen Z and millennials are no longer just passive consumers but active problem-solvers, two young visionaries were about to disrupt the world of blockchain. Rodrigo Fernández Touza and Alfonso Gómez-Jordana, both driven by a shared passion for innovation, were deep in thought, discussing the challenges that businesses and individuals faced when trying to harness the power of blockchain.

As they brainstormed, Rodrigo’s mind began to fixate on a particular issue on how hard it is  for people to build on-chain, while Alfonso pondered about the immense potential to use blockchain, but the technical hurdles are daunting. 

It was in that moment of shared insight that their vision began to take shape. They realized that if they could create a platform that eliminated the barriers to building on-chain, they could empower businesses to leverage blockchain without hesitation. The key, they agreed, was to focus on great UX—something that would make the process smooth, intuitive, and accessible to everyone, regardless of their technical expertise.

And so, with a clear mission in mind, Rodrigo and Alfonso set out to build a solution that would make blockchain technology approachable for all – Crossmint

Crossmint integrates blockchain capabilities into an app, AI agent, or business with a focus on ease of use. The platform enables one to build end-to-end blockchain solutions without the need for prior blockchain or cryptocurrency experience. Best of all, it makes the blockchain invisible to end users, allowing them to enjoy all the benefits of blockchain technology without complexity. It’s all about empowering businesses to innovate effortlessly, while keeping the technology running smoothly behind the scenes.

In just three years, the platform has gained the trust of over 40,000 enterprises and developers, including major names like Santander Bank, Mastercard, NBC Universal, Nestlé, and Web3 leaders such as Coinbase, Phantom, and Magic Eden.

A Game-Changing Funding Round: $23.6M to Fuel Growth

A comprehensive platform dedicated to supporting companies building onchain technologies has announced the successful closure of a $23.6 million funding round. The investment was led by Ribbit Capital, with contributions from Franklin Templeton, Nyca, First Round, and Lightspeed Faction. This funding follows a period of substantial expansion, during which Crossmint’s subscription revenue increased by 1,100% in 2024.

“AI agents are reshaping commerce. Soon, they will autonomously manage tasks like grocery shopping or personal styling,” said Alfonso Gomez-Jordana, co-founder of Crossmint. “Traditional payment systems weren’t designed for AI agents—but blockchain is. Crossmint is building the infrastructure to support this next evolution.”

The company is building a framework for AI agent- driven commerce, that will let AI agents make purchases on behalf of users, set a spending limit, while controlling money and credentials securely.

Bridging AI and Blockchain

Crossmint provides wallets, payments and credential APIs for these ai agents to firmly hold funds, buy any good or service or even book a flight ticket using Great Onchain Agent Toolkit (GOAT), the most downloaded open-source library for AI agents interacting with blockchain protocols, with 150,000 downloads in the past two months.

This is a major funding for the company, as the founders believe this would speed up their goal to make blockchain technology accessible to every business and AI agent for better performance.

They are looking to expand their enterprise solutions, enhance their AI agent infrastructure and make a massive global impact.

Crossmint has successfully built the infrastructure, where clients and companies can launch enterprise-grade apps on the Avalanche C-Chain, with our wallet, minting, and payment tools. 

In recent times, the company acquired AI user-research startup Cycle AI, to better serve the clients developing products that combine crypto and AI and are upgrading our platform with AI features. 

“Crossmint has demonstrated its ability to unlock new revenue streams and drive cost efficiencies for major brands while building the financial infrastructure for the next generation of AI-powered applications,” said Zack Rosen, investor at Ribbit Capital, in the release.