Privacy startup Ola raises $3 million in seed funding

Quick Take

  • Web3 privacy firm Ola raised $3 million in seed funding. 
  • Ventures and Foresight Ventures co-led the round, with additional participation from Token Metrics Ventures, LD Capital and Catcher VC.

Ola, a privacy-focused web3 startup, raised $3 million in seed funding. Ventures and Foresight Ventures co-led the round. Additional support came from Token Metrics Ventures, LD Capital, Catcher VC and others.

Ola experiments with a hybrid zero knowledge rollup called "ZK-ZKVM" that aims to offer optional privacy in the crypto industry.

"Our ultimate goal is to make privacy a fundamental right in the digital age, especially for web3 users," Ola CEO Ocean Chen said in a statement. "With Ola's full-featured ZK-ZKVM, developers can harness the potential of privacy-centric applications that prioritize user control and data protection."

Ola is currently not available to the public. It intends to launch a beta testnet in the third quarter and release a public testnet by the end of 2023. 

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