Investing (again) in Dynamic Labs

Arianna Simpson

What does a user’s first interaction with your product look like? How does it feel to be onboarded? 

Nailing first impressions is critical in software — if a user has a lackluster introduction to a product, they’re unlikely to stick around. It’s no surprise that wallet-based authentication is a core component of the web3 user experience. We’ve long believed that smoother onboarding and auth would become the norm, and it’s a problem the Dynamic team has been tackling head-on. 

Co-founders Itai and Yoni met at MIT a decade and a half ago and have been friends ever since, working together in product and engineering roles across multiple companies. What sets this team apart, in my mind, though, is not just their experience and deep expertise in software development and product management, but their maniacal obsession with perfecting the product experience. 

And indeed – it’s paying off. Time and time again we’ve heard from developers how seamless the integration experience is, and how much time they’re saving by focusing on their core product instead of worrying about authentication and user onboarding flows. 

That alone would make for a product well worth using. However, the experience does not stop at authentication. Dynamic is also building out a robust orchestration layer that includes features like advanced built-in access lists, NFT gating, and identity integrations, which can be accessed through simple toggles. 

Most recently, Dynamic launched mobile-first embedded wallets with passkeys, which allow users to spin up a new, non-custodial wallet simply by using FaceID. It’s smoother than the best web2 experiences— and that’s the holy grail of usability we’ve been clamoring for years. 

We’re thrilled to announce our support for Dynamic today and share that we’ve led a $13.5M Series A into the company following our earlier Seed round

If you’re a developer, you can get started right now in Dynamic’s demo environment here

We can’t wait to see what you build with it. 

 

***

The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the current or enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.

The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.