Fhenix raises $15M in Series A funding round led by Hack VC to develop Ethereum Layer 2 network with data confidentiality
Amount Raised
$15 Million
Round Type
Series A
Tel AvivSoftwareCyber SecurityInvestors
Description
Fhenix, an Ethereum Layer 2 network developer focused on data confidentiality, has raised $15 million in a Series A funding round led by Hack VC. The firm also launched its open testnet, called Helium, and has plans to launch the mainnet in the first quarter of next year.
Quick answer
Fhenix raised $15 Million in a Series A round, dated June 4, 2024. Investors: Stake Capital, Collider Ventures, Gsr, Primitive Ventures, Amber Group, Dao5 and Hack VC. Fhenix is based in Tel Aviv, Tel Aviv District, Israel.
- How much did Fhenix raise?
- Fhenix raised $15 Million in a Series A round on June 4, 2024.
- Who invested in Fhenix?
- Stake Capital, Collider Ventures, Gsr, Primitive Ventures, Amber Group, Dao5 and Hack VC are named as investors in this round.
- What does Fhenix do?
- Fhenix is an Ethereum Layer 2 network developer focused on data confidentiality, utilizing fully homomorphic encryption technology from cryptography company Zama to provide end-to-end data encryption.
- Where is Fhenix based and how big is it?
- Fhenix is based in Tel Aviv, Tel Aviv District, Israel.
- Who are the decision-makers at Fhenix?
- Fundz holds 1 contact at Fhenix. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Cyber Security and Software around the same time
Companies in the same sectors as Fhenix that raised within 45 days of this round, from Fundz verified event records.
Who to call at Fhenix, and when
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Funding Insights
What this usually meansFhenix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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