October 17, 2024
zkPass, a protocol designed to preserve privacy during data verification, has secured $12.5 million in a Series A funding round. The round included investments from dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures. Co-founder and CTO Bing Jiang noted that there was no lead investor, allowing all participants to contribute more significantly than if a single lead investor had dominated.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Category |
|---|---|---|---|---|---|
zkPass | $12.5M | October 17, 2024 | Series A | $15M | Privacy, ZK |
The fundraising for this round began at the end of last year and concluded in May. The funds were raised through a simple agreement for future tokens (SAFT), giving zkPass a fully diluted token valuation of $100 million. The zkPass token is anticipated to launch in the first quarter of next year.
This Series A round increases zkPass’ total funding to $15 million, following a $2.5 million seed round in August 2023, which included investments from Binance Labs, Sequoia China, OKX Ventures, and others.
About zkPass
zkPass is a protocol designed to ensure privacy during data verification. It uses advanced technologies like multi-party computation (MPC) and zero-knowledge proofs (ZKP) to allow users to verify their private data without revealing it. This system enhances security and privacy by enabling secure data sharing from any HTTPS website without needing OAuth APIs. zkPass aims to bridge the gap between Web2 and Web3 by providing a seamless and private way to manage and verify data online.
Website: https://zkpass.org/
About Investor
The round included investments from dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures.
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