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Zcash Open Development Lab (ZODL) secures $25M in seed funding from Paradigm, a16z and others to enhance its Zodl wallet and core $ZEC infrastructure.

PRIVATEAug 26, 2026•about 11 hours ago

Amount Raised

$25 Million

Round Type

Seed

Artificial Intelligence

Investors

Haseeb QureshiDavid FriedbergBalaji SrinivasanArthur Hayes' MaelstromChapter OneCypherpunk TechnologiesCoinbase VenturesWinklevoss CapitalA16z CryptoParadigm

Description

Zcash Open Development Lab raised over $25 million in seed funding, backed by prominent investors including Paradigm and a16z. The funding will support engineering hires and development of its Zodl wallet. ZODL was established after the Electric Coin Company's team left amidst governance disputes. The lab focuses on core $ZEC protocol and product innovations.

Company Information

Company

Zcash Open Development Lab

About

Zcash Open Development Lab, based in Broomfield, CO, develops Zcash wallet technology and privacy infrastructure. The company aims to simplify the user experience for private digital money and enhance Zcash accessibility for mainstream users. Formerly part of the Electric Coin Company, ZODL focuses on scaling the Orchard shielded pool.

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