---
title: "Announcing our pre-seed round | Phase Blog"
description: "We are happy to announce we have raised a pre-seed round from Balaji Srinivasan."
url: https://phase.dev/blog/announcing-pre-seed/
---

[Blog](https://phase.dev/blog/)

# Announcing our pre-seed round

We are happy to announce we have raised a pre-seed round from Balaji Srinivasan.

[Rohan](https://github.com/rohan-chaturvedi)[Nimish](https://github.com/nimish-ks)

2025.07.28

![cover](https://phase.dev/assets/images/blog/pre-seed/cover.webp) Photo by Nimish Karmali at the [Network School](https://ns.com) campus

We are happy to announce we have raised a pre-seed round from [Balaji Srinivasan](https://x.com/balajis).

Balaji has backed a wide variety of startups including Alchemy, Anduril, Digital Ocean, OpenGov, OpenSea, Perplexity, Polymarket, Prospera, and Replit to name a few. Balaji was also an early investor in many important crypto protocols including Bitcoin, Ethereum, Solana, and Zcash.

We are excited to have Balaji as our first outside investor. We have followed Balaji for a long time, ever since his days as the CTO of Coinbase. He truly understands the problem of information security, secret management, and self-custody of cryptographic keys.

We are also very much in alignment with our broader world view and vision as to the future of technology, security, and the internet.

We're super excited for what lies ahead, and to continue to help customers **keep secrets**.

Alright, back to building.

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