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.


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"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. 

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.


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