Venture Capital

Aleo Raises $28M To Launch The First Platform For Fully Private Applications

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SAN FRANCISCO, April 20, 2021-- Aleo announced today it has raised $28M to build the next-generation platform for decentralized, private applications. The round was led by Andreessen Horowitz (a16z) with participation from Placeholder VC, Galaxy Digital, Variant Fund, and Coinbase Ventures. Other notable investors include Polychain Capital, Slow Ventures, Dekrypt Capital, Scalar Capital, a_capital, zkValidator, Balaji Srinivasan and Ethereal Ventures, a new venture fund established by Joseph Lubin. Aleo is the first platform for fully private applications. Aleo uses blockchain and zero-knowledge cryptography to deliver a new web experience as it should be: one that is both personal and private.

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