April 17, 2024
Nebra, a research organization specializing in blockchain and zero-knowledge proof, has successfully raised $4.5 million in its pre-seed and seed funding rounds, with Nascent and Bankless Ventures leading the investment.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
|---|---|---|---|---|---|
Nebra Labs | Apr 17, 2024 | $4.5M | Seed | $4.5M | ZK |
In a statement, Nebra revealed that several angel investors also contributed to the funding round. These include Tim Beiko from the Ethereum Foundation, Kartik Talwar from ETHGlobal, Nick White from Celestia, and Sandy Peng and Haichen Shen from Scroll.
The funds will be utilized by Nebra to further develop and democratize zero-knowledge proof technology. The aim is to reduce the costs associated with proof settlement on Ethereum and other blockchains, thereby establishing what Nebra refers to as the Shared Settlement Layer of the new internet.
About Nebra Labs:
Nebra Labs is a blockchain research and development organization focused on advancing zero-knowledge proof technology. Through its Shared Settlement Layer, the company aims to lower the costs of proof settlement on Ethereum and other blockchains, facilitating the widespread adoption of privacy-preserving applications. Nebra Labs is dedicated to enhancing onchain privacy and improving blockchain scalability, contributing to a more composable and interconnected blockchain ecosystem.
Website: https://www.nebra.one/
X Account: https://x.com/nebrazkp
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About Investor
Investor: Nascent
Nascent.xyz, also known as Nascent, is a venture capital firm that specializes in backing early-stage founders who are creating products and primitives for an open financial world. The team at Nascent consists of builders who are deeply involved in the crypto ecosystem that they are helping to build. Nascent’s mission is to accelerate the transition from the centralized institutions of the industrial age to the decentralized institutions of the internet age.
Location: United States
Website: https://www.nascent.xyz/
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