What is zkPass?
Founded in 2022, zkPass is at the forefront of privacy-preserving technology, leveraging Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and 3P-TLS to enable secure and private data validation. Its core product, TransGate, allows users to selectively verify personal data across HTTPS websites for the web3 ecosystem without compromising sensitive information. This capability spans a wide array of data types, including legal identity, financial records, healthcare information, and educational credentials, addressing a critical need for secure and private data exchange in the digital age. The company's focus on privacy and verifiable data makes it a key player in the decentralized identity and data security sectors.
How much funding has zkPass raised?
zkPass has raised a total of $15M across 2 funding rounds:
Angel/Seed
$2.5M
Series A
$12.5M
Angel/Seed (2023): $2.5M with participation from OKX, Sequoia Capital, Binance, Susquehanna International Group, and Cypher Capital
Series A (2024): $12.5M led by MH Ventures, Amber Group, L2 Iterative Venture (L2IV, WAGMI Ventures, CE Innovation Capital, Animoca Brands, Signum Capital, IOBC Capital, Bing Ventures, Uob Venture Management Usa, Leland Ventures, Dao5, Ceras Ventures, and Flow Traders
Key Investors in zkPass
MH Ventures
MH Ventures is an early-stage, founder-focused investment fund dedicated to the growth of Web3 and the future of Blockchain. The company supports bold founders and resilient protocols by providing institutional-grade management, market making, and advisory services.
Amber Group
Amber Group is a financial investment firm that offers electronic market making, collateralized lending, decentralized finance and more. Amber Group is headquartered in India.
L2 Iterative Venture (L2IV
L2 Iterative Ventures (L2IV) is a specialized investment firm focused on supporting innovative blockchain projects and zero-knowledge proof applications. They aim to empower the architects of the next digital era by providing not just capital, but also strategic collaboration and technical expertise.
What's next for zkPass?
The recent major strategic investment signifies a critical growth phase for zkPass, likely enabling the company to scale its operations, enhance its technological infrastructure, and expand its market reach. This infusion of capital, following its earlier seed funding, suggests a transition towards broader commercialization and enterprise adoption. zkPass is poised to further solidify its position as a leader in privacy-preserving verification solutions, potentially exploring new use cases and partnerships to drive innovation in secure data handling and digital identity management within the web3 space.
See full zkPass company page
