HeyElsa, an emerging AI-first crypto execution platform, has raised $3 million in a combined pre-seed and seed funding round to build what it calls the “AI stack for crypto.” The round was led by M31 Capital with strong backing from Coinbase Ventures’ Base Ecosystem Fund, MH Ventures, Absoluta Cap, 2Shares, Levitate Labs, and notable angel investors from top Web3 projects like Anoma, Zerolend, LayerZero, and DeFiLlama.
At the heart of HeyElsa is a vision to fundamentally change how users interact with blockchain applications. Rather than navigating complex DeFi tools manually, users simply express their intent, via chat or voice and HeyElsa takes care of the rest. Its AI agent layer understands, interprets, and executes onchain actions such as staking, bridging, swapping, or lending by selecting optimal routes, managing keys, and handling risks in real time.
Founder Dhawal Shah described the product as “eliminating the need to juggle wallets and protocols,” aiming to replace friction with a fluid, intuitive experience. Investors share the conviction. David Attermann, Managing Partner at M31 Capital, noted that HeyElsa stood out after testing “every solution on the market,” citing the team’s capability and product maturity as key differentiators.
Natural Language Becomes the Interface for DeFi
HeyElsa’s core innovation lies in its proprietary natural-language interface layered on top of open-source large language models like DeepSeek, LLaMA, and Mistral. These models are customised using real-time blockchain data, market trends, sentiment analysis, and user interactions to make crypto more intelligent and responsive.
Currently integrated across 8+ blockchain ecosystems and deeply tied into the Base ecosystem, HeyElsa makes DeFi operations as simple as saying what you want. Users can onboard with just an email, fund accounts using fiat, and transact gas-free thanks to support from Coinbase’s Paymaster contracts. Since its launch, Elsa’s AI agents have already processed over $20 million in onchain transaction volume.
By abstracting away layers of technical complexity, the platform is transforming DeFi into something as approachable as asking a virtual assistant for directions, marking a major step toward crypto’s mainstream adoption.
MPC Wallets: Removing the Pain of Key Management
One of the persistent pain points in crypto has been wallet management, particularly the risks associated with seed phrases and private keys. HeyElsa addresses this through automatic provisioning of MPC (Multi-Party Computation) wallets at signup. These wallets fragment private keys into multiple encrypted shares across different systems, ensuring no single party has full control.
The result is institutional-grade security paired with consumer-grade ease. There’s no need to remember or store seed phrases, no dependency on browser extensions or third-party wallets. Elsa’s AI-powered guidance combined with MPC infrastructure means users can interact across chains effortlessly, with safety and usability existing side by side.
This eliminates the “security vs. simplicity” trade-off that has long plagued Web3 onboarding, making it easier for both crypto natives and newcomers to manage digital assets securely.
Building the AI Execution Layer for Web3 Ecosystem
HeyElsa isn’t just building for individual users, it’s also positioning itself as foundational infrastructure for the next generation of Web3 applications. Through its B2B offerings, HeyElsa provides a composable agent layer that developers and enterprises can integrate into their own products.
These offerings include AI-powered APIs for DeFi execution, white-label wallets, onboarding toolkits, custom trading widgets, and analytics dashboards. Several enterprise pilots are already underway, signalling strong demand for tools that abstract away the backend complexity of crypto.
As Web3 products compete on user experience, having an AI-native, intent-driven execution layer may soon become a standard expectation. Elsa’s full-stack approach ranging from conversational interfaces to fail-safe transaction execution offers a plug-and-play solution for teams seeking to future-proof their user journeys.
A Glimpse Into the Agentic Future of Crypto
HeyElsa’s broader ambition lies in pioneering what it calls the “onchain brain”- a smart, secure execution layer where AI interprets goals, manages infrastructure, and delivers blockchain utility invisibly. As blockchains fade into the background, users are left with outcomes, not obstacles.
The platform’s voice and chat-based interactions hint at a future where technical literacy is no longer a barrier to financial participation. By moving beyond interfaces filled with jargon, gas estimations, and wallet popups, HeyElsa presents a cleaner, more intuitive vision for Web3.
In the same way that search engines abstracted the complexity of the internet, HeyElsa is doing the same for blockchain, ushering in a new paradigm where natural conversation becomes the gateway to global finance.
With $3 million in fresh funding and a product already demonstrating strong traction, HeyElsa is positioning itself at the intersection of AI, UX, and blockchain infrastructure. As the crypto space evolves from manual interactions to intelligent automation, platforms like Elsa are leading the shift towards agent-first design.
Whether through simplifying DeFi for users or powering B2B partners with AI-driven infrastructure, HeyElsa is building more than just an app, it’s laying the groundwork for a smarter, more accessible onchain world.