Privacy-focused startup Ola raises $3 million


Privacy-focused Web3 startup Ola has raised $3 million in a seed round. It is reported by The Block.

The round was led by Ventures and Foresight Ventures. Other investors include Token Metrics Ventures, LD Capital and Catcher VC.

“Our ultimate goal is to make privacy a fundamental right in the digital age, especially for Web3 users,” said Ola CEO Ocean Chen.

The company offers “optional” privacy with hybrid ZK rollups (ZK-ZKVM).

The startup plans to conduct a beta test of the network in the third quarter of 2023. After that, a public testnet will be launched. The main network, according to the project roadmap, will begin operation in the first quarter of 2024.

Recall that the volume of venture capital transactions in the crypto industry fell by 71%.

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