Apr 26, 2024
Hinkal, co-founded by Giorgi Koreli and his Ph.D. brother, Nika Koreli, has closed a $1.4 million funding round to advance its confidential infrastructure for liquid funds, VCs, family offices, and project founders. The company addresses the challenges associated with token vesting and liquidations, which traditionally lead to adverse price impacts and community confusion.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Hinkal Protocol | April 26, 2024 | $1.4M | Seed | $5.5M | Salt Fund | Wallets |
Hinkal provides a private and secure environment for venture capital and founding teams to liquidate vested tokens without negatively affecting the market. Utilizing a ZK-based solution, Hinkal offers a private smart contract wallet experience, enabling users to interact with their favorite dApps directly from their private addresses without withdrawing assets for obfuscation.
Hinkal requires KYC(B) verification to prevent illicit use of the protocol while providing a streamlined experience via reusable attestations at exchanges like Coinbase and Binance. The company's platform is audited by major firms including Quanstamp and Zokyo, ensuring a secure trading experience and real-time threat mitigation with Hexagate.
About Hinkal:
Founded to address the privacy and security needs of token vesting and liquidation, Hinkal offers a ZK-based private smart contract wallet solution. The platform allows VCs and founding teams to receive vested tokens into a private address and liquidate them without impacting market prices. With rigorous KYC(B) verification and audits by Quanstamp and Zokyo, Hinkal ensures a secure and compliant environment for its users.
Hinkal's $1.4 million funding round follows a $4.1 million seed round closed in November 2023, bringing the total funds raised to $5.5 million. The company aims to continue expanding its confidential infrastructure and enhancing its offerings to better serve the needs of its clients.
Website: https://hinkal.pro/
Twitter Account: @hinkal_protocol
Twitter Followers Today: 16,700
Twitter Followers 30 Days Ago: 15,533
Twitter Follower Change: 1,167 (+7.5%)
Investor Profile
Investor: Salt Fund
Description: Salt Fund is a prominent venture capital firm that focuses on investing in innovative technology startups. With a strong emphasis on blockchain and digital asset projects, Salt Fund supports companies that drive forward-thinking solutions and industry advancements.
Location: United States
Website: https://www.salt.org/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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