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Manta Network - Series A
Overview
Funding Date
July 19, 2023
Financing amount
$25M
Valuation
$500M
Catagory
About Manta Network - Series A
Manta Network developer p0x labs has secured $25 million in Series A funding led by Polychain Capital and Qiming Venture Partners, bringing its valuation to $500 million. The new funding in this round will be used to expand Manta Pacific and Manta Atlantic, its ZK Layer 1 blockchain for compliant on-chain privacy, the team announced.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 141 | info@polychain.capital | ||
| Fund | China | 2006 | 13 | BP@qimingvc.com |
Founders & Team
Kenny Li
Victor Ji
Company Profile / Project Introduction
Manta Network is the multi-modular ecosystem for zero-knowledge (ZK) applications. Manta Atlantic, the fastest ZK L1 chain, brings programmable privacy to web3 through compliant on-chain privacy and identity. Manta Pacific, the unique L2 ecosystem for EVM-native ZK applications, provides a scalable and inexpensive gas-fee environment for ZK applications to deploy simply using Solidity. Together, Manta Atlantic and Manta Pacific deliver an unparalleled experience for the next generation of web3 application development and adoption with the applied usage of zero-knowledge cryptography.