CDS Startups Nucleo Receives $4 Million in Funding
Startups

Nucleo Receives $4 Million in Funding

399
Nucleo Receives $4 Million in Funding from Bain and 6th Man Ventures

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.

Investors

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.

References

www.theblock.co

Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Phoenix AI Ecosystem Fund Launched with Contributions from JDI Group and Tensor

20 Million Dollar Phoenix AI Ecosystem Fund launched.

MicroStrategy Acquires 3,000 BTC Amid Bitcoin ETFs’ Impending Overtaking of Gold ETFs

MicroStrategy's recent Bitcoin acquisition aligns with forecasts suggesting that Bitcoin ETFs could...

USDe Developer Ethena Raises $14 Million in Strategic Investment Round

USDe developer Ethena said that with the latest funding, its valuation has...

Jupiter Crypto Exchange Unveils WEN through its Latest Token Launchpad

Jupiter Crypto exchange introduces WEN Token via new token launchpad.