zkPass Completes $12.5 Million Series A Financing, Dao5 and Others Participate

BlockBeats reported that on October 17, the privacy data verification protocol zkPass completed a $12.5 million Series A financing with a token valuation of $100 million. This round of financing was participated by dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures and WAGMI Ventures.

zkPass started to raise funds for the Series A at the end of last year and completed the financing in May. The financing was in the form of a Simple Agreement for Future Tokens (SAFT), which brought the fully diluted valuation of the zkPass token to $100 million. The zkPass token is expected to be launched in the first quarter of next year.

Following a $2.5 million seed round in August 2023 from Binance Labs, Sequoia China, OKX Ventures and other companies, the Series A financing brought zkPass's total financing to $15 million.