Bain Capital and 6th Man Ventures led a $4 million seed funding round for the cryptocurrency privacy startup Nucleo. The company aims to develop a zero-knowledge multi-signature solution for organizations to conduct transactions on the Ethereum blockchain.
What is Nucleo?
The startup creates the tools that internet-native enterprises require to succeed in the real world by employing the most recent developments in zero-knowledge cryptography. Transparency should be an option, not the norm, to enable organizations to use their resources more strategically. When it comes to sending and protecting assets, Nucleo is a private, auditable shared multi-signature.
The company has raised $4 million in seed funding to create on-chain privacy infrastructure for organizations. According to a news release, the round included participation from several companies in the privacy infrastructure industry, including Aztec Network, Aleo, and Espresso Systems. In addition, the round was led by the cryptocurrency division of investment companies 6th Man Ventures and Bain Capital.