Nevermined has raised $4 million to power AI-to-AI transactions.
The Switzerland-based company now counts $7 million in total funding, which it is using to build the “PayPal for AI,” enabling seamless payments between AI agents.
The round was led by Generative Ventures, while Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca also contributed.
AI payment infrastructure provider for AI-to-AI transactions Nevermined has raised over $4 million. The round boosts the Switzerland-based company’s total funds to $7 million.
Generative Ventures led the round, which also saw participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca. In addition, Nevermined saw contributions from David Minarsch and Oak from Valory, the builders of Olas, Richard Blythman and Mark Schmidt from Naptha, and Ben Fielding from Gensyn.
“The future of commerce isn’t just about humans trading with humans anymore. It’s about AI agents transacting with other AI agents, and we need entirely new payment systems to facilitate that,” said Nevermined CEO Don Gossen.
Web3-based AI-commerce represents a shift in how transactions occur. While traditional banking and payment systems facilitate transactions between humans, AI-commerce layers in automation. With AI-commerce, AI agents interact, negotiate, and transact autonomously. The new commerce method complements the existing payments infrastructure, enabling faster, smarter, and more personalized solutions for industries like logistics, supply chain, and digital marketplaces. This agentic layer unlocks new opportunities for creativity and efficiency in both human and AI-driven economies.
Nevermined will use today’s funding to accelerate its go-to-market strategy, expand the team, and strengthen partnerships within the AI ecosystem. “This funding will allow us to accelerate our mission of building the financial rails for the emerging AI economy,” added Gossen.
Nevermined was founded in 2022 to develop what it calls the “PayPal for AI,” a system that facilitates payments between AI agents with its payments protocol built for decentralized AI tech stacks. With its AI-commerce tools, Nevermined helps AI developers manage payments, usage tracking, and credit systems for payment applications built within their own app or website. Among the company’s partners are Olas, Naptha, peaq, FLock, and Combinder.
“Current payment infrastructure was built for static transactions, like selling t-shirts on the internet, where the price of a small shirt doesn’t change over time,” said Nevermined CTO Aitor Argomaniz. “AI agents are dynamic and require an equally dynamic payments system that can respond instantly to new requests. We’ve built the foundation already, and now we want to grow user adoption from both AI builders and AI agents.”
Photo by GuerrillaBuzz on Unsplash
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