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FinTech Series B Founded 2018

Aztec

Aztec is the first decentralized, privacy-preserving Layer 2 blockchain on Ethereum. The network enables developers to write smart contracts with programmable privacy using Noir, a Rust-like domain-specific language, allowing builders to code privacy at user, data, metadata, transaction, and code levels. Aztec uses client-side proofs, generating cryptographic proofs on the user's own device so that no operator,…

📍 London, United Kingdom · Cryptocurrencies,

Funding snapshot

Last roundSeries B
Amount$100M
Date13 December 2022
Total raised$119M
Valuation475,828,904 (Oct 11, 2022)
Team size90

About

Aztec is the first decentralized, privacy-preserving Layer 2 blockchain on Ethereum. The network enables developers to write smart contracts with programmable privacy using Noir, a Rust-like domain-specific language, allowing builders to code privacy at user, data, metadata, transaction, and code levels. Aztec uses client-side proofs, generating cryptographic proofs on the user's own device so that no operator, sequencer, or intermediary can see the underlying data. The platform features composable privacy across chains, day-one decentralization with hardcoded sequencing, proving, and governance, and achieves approximately 2.5-second fully private transactions on consumer hardware. With Alpha V5, Aztec reduces private transaction proving times by over 2x and costs to under $0.05 per transaction. Founded in 2018 and headquartered in London, United Kingdom, Aztec has raised $119.1 million in Series B funding from investors including Paradigm, Andreessen Horowitz, Consensys, and SV Angel.

Business model

Blockchain Infrastructure > Blockchain Network > Finance > Digital Securities,

Cryptocurrencies > Financial Services > RegTech > Suite

Team background

College Wise > University of Cambridge, Imperial College London, University of Oxford

Institutional investors

Consensys Samos Investments Paradigm A.Capital Ventures Libertus Capital Ethereal Ventures Variant Fund imToken Scalar Capital Nascent DeFi Alliance IOSG Ventures Zero Knowledge Validator Andreessen Horowitz King River

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