zkPass Raises $12.5 Million Series A at $100 Million Token Valuation
  • October 17, 2024
  • Berwa Holdings Team

In October 2024, zkPass, a privacy-preserving protocol for data verification, raised $12.5 million in a Series A funding round. The round was structured as a simple agreement for future tokens (SAFT), giving zkPass a fully diluted token valuation of $100 million.

Investors included dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures. There was no lead investor in the round. The Series A brought zkPass’s total funding to $15 million, following its $2.5 million seed round in August 2023.

At the time, zkPass reported over two million proofs generated from more than 70 web data sources. zkPass uses zero-knowledge proofs to let users prove information without sharing the underlying data, such as identity or financial records.

Source: The Block

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