Zeko Labs, a San Francisco, CA-based blockchain company focused on developing decentralized finance and software solutions, raised $3M in funding.
The round was led by UOB Venture Management, Signum Capital, and YBB Capital, with participation from Autonomy Capital, Cogitent Ventures, GBV, Tenzor Capital, 3Commas Capital, ArkGrow, AVID3, Cryptonauts, Nox Holdings, NxGen.xyz, SkyVision Capital (SVC), and Presto Labs.
The company intends to use the funds to expand the team, accelerate product development, grow the developer community, and foster strategic partnerships within both the blockchain and traditional software sectors.
Led by CEO Evan Kereiakes, Zeko Labs is a blockchain company focused on developing decentralized finance and software solutions powered by zero-knowledge technology. It gives advanced zero-knowledge proof capabilities to developers, massively expanding the design space for both EVM and non-EVM applications. Zero-knowledge applications (zkApps) that support both end user privacy and recursive proof aggregation, are the foundation for a broad range of open, transparent, and decentralized financial or internet services, as well as gaming or AI use-cases. Through a focus on scalability, data security, and interoperability, the Zeko Protocol will empower individuals worldwide with control over their assets and identity while minimizing barriers to entry for developers and enterprises.
Commenting on the news, Evan Kereiakes said: “We are thrilled to announce the completion of our funding round, which marks a significant milestone in our journey to realize the vision of the Zeko Protocol. This support from our investors underscores their confidence in our team and the transformative potential of Zeko. With this funding, we are well-positioned to accelerate the development of the Zeko Protocol and to inspire more developers to push the boundaries of what is possible with blockchain technology.”
FinSMEs
18/04/2024