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Opacity Network, a ZK-based data verification platform, raises $12M Seed Round led by Archetype and Breyer Capital


ZK-based data verification platform

October 15, 2024


Opacity Labs, the company behind the Opacity Network, a data verification platform using zero-knowledge proofs, has secured $12 million in seed funding. This seed round brings Opacity Labs’ total funding to $13.4 million, including a previous $1.4 million pre-seed round. The round was co-led by Archetype and Breyer Capital, with additional investments from a16z Crypto Startup Accelerator (CSX), Finality Capital Partners, Bodhi Ventures, and Escape Velocity (EV3).

Project

Latest Raise

Latest Raise Date

Stage

Total Raise

Lead Investor

Category

Opacity Network

$12M

October 15, 2024

Seed Round

$13.4M

Archetype and Breyer Capital

ZK

The fundraising began in July and concluded last month, according to co-founder Hersh Patel. The funding was structured as a simple agreement for future equity (SAFE) with a valuation cap and a token warrant, though the specific valuation was not disclosed.


About Opacity Network

Opacity Network is a data verification platform that uses zero-knowledge proofs to ensure secure and private data sharing. By leveraging its Verified Data Network (VDN), Opacity connects data providers and verifiers across both web2 and web3 environments. This technology allows for trustless verification of information without revealing any sensitive details, making it a highly secure solution for private data sharing and verification.



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ZK-based data verification platform

About Investor

The round was co-led by Archetype and Breyer Capital, with additional investments from a16z Crypto Startup Accelerator (CSX), Finality Capital Partners, Bodhi Ventures, and Escape Velocity (EV3).

 


 

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