How Much Did zkPass Raise?
Funding & Key Investors

zkPass, a pioneering force in the privacy-preserving protocol sector, has successfully secured significant capital to accelerate its mission of revolutionizing private data verification. The company, which has reached a total valuation milestone represented by $15M, recently finalized a major strategic investment totaling $12.5M. This latest infusion of capital underscores the growing market demand for secure, decentralized identity solutions that leverage advanced cryptographic techniques to protect user sovereignty in an increasingly digital landscape.

The funding trajectory for zkPass reflects a robust growth narrative, beginning with its initial seed round in August 2023 and culminating in this substantial Series A financing in October 2024. By attracting high-caliber institutional backers, the firm has solidified its position as a critical infrastructure provider within the Web3 ecosystem, enabling seamless and secure data validation across diverse digital platforms.

What is zkPass?

zkPass
SoftwareSecurity Software

Founded in 2022 and headquartered in New York, zkPass operates at the intersection of Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and three-party Transport Layer Security (3P-TLS). The company's flagship product, TransGate, serves as a vital bridge between traditional web data and the decentralized web. By allowing users to selectively and privately validate information—ranging from financial records and legal identities to healthcare data and professional certifications—without exposing sensitive underlying documentation, zkPass addresses one of the most pressing challenges in modern cybersecurity: the tension between data utility and individual privacy. Its market position is defined by its ability to facilitate trustless verification, effectively empowering users to maintain control over their personal information while interacting with complex web3 applications.

How much funding has zkPass raised?

zkPass has raised a total of $15M across 2 funding rounds:

2023

Angel/Seed

$2.5M

2024

Series A

$12.5M

Angel/Seed (2023): $2.5M with participation from Cypher Capital, Susquehanna International Group, OKX, Binance, and Sequoia Capital

Series A (2024): $12.5M led by Ceras Ventures, Dao5, Animoca Brands, Signum Capital, Leland Ventures, WAGMI Ventures, IOBC Capital, MH Ventures, Flow Traders, Bing Ventures, L2 Iterative Venture (L2IV, CE Innovation Capital, Uob Venture Management Usa, and Amber

Key Investors in zkPass

Ceras Ventures

Ceras Ventures is a global investment firm specializing in disruptive start-ups, particularly in the Web 3.0 and blockchain sectors, providing asset management and strategic advisory services.

Dao5

dao5 is a cryptocurrency investment collective composed of crypto-native minds, focusing on building a community around principled cryptocurrency-related investments.

Animoca Brands

Animoca Brands is a Hong Kong-based venture capital firm and software company that has become a major player in the blockchain gaming and NFT sectors.

What's next for zkPass?

With the successful closure of its latest financing round, zkPass is well-positioned to scale its technical infrastructure and expand its reach across global markets. The strategic focus will likely center on enhancing the interoperability of the TransGate protocol, broadening the scope of verifiable data types, and deepening integration with major blockchain networks. As the regulatory environment for digital identity continues to evolve, zkPass is poised to play a central role in defining the standards for privacy-centric data exchange. The company's roadmap suggests a concerted effort to transition from a specialized protocol to a ubiquitous layer of the digital economy, providing the necessary trust architecture for decentralized finance, social platforms, and enterprise-grade identity management systems.

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Frequently Asked Questions Regarding zkPass Financial Insights

What are the most recent funding rounds that zkPass has completed, and what were the funding rounds?
zkPass has recently completed 2 funding rounds: Series A on Oct 21, 2024, Angel/Seed on Aug 8, 2023.
What is the total amount of funding zkPass has raised to date?
zkPass has raised a total of $15M in funding to date.
How many funding rounds has zkPass completed?
zkPass has completed 2 funding rounds.
How much funding did zkPass raise in its most recent funding round?
zkPass raised $12.5M in its most recent funding round.
Who are the lead investors in zkPass's latest funding round?
The lead investor in zkPass's latest funding round was Ceras Ventures. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in zkPass's history?
The largest funding round in zkPass's history was $12.5M.
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