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Alternative Assets  + Blockchain  + Crypto  + Crypto  + Markets  + VC  | 
Blockchain Startup Aztec Network Raises $100M in Series B Led by VC Andreessen Horowitz

Blockchain Startup Aztec Network Raises $100M in Series B Led by VC Andreessen Horowitz

Blockchain Startup Aztec Network, a privacy layer 2 chain for Web3, has raised $100 million in a Series B financing, which follows a $17 million raise that closed last year.  

The funding was led by venture capitalist Andreessen Horowitz (a16z).  A Capital, King River, Variant, SV Angel, Hash Key, Fenbushi and AVG.5 also participated in the round. 

As part of its partnership with a16z, the company will fund the development of encrypted architecture that enables users to verify that the rules of the blockchain have been followed correctly without revealing any sensitive information about the underlying technology. 

“Encryption allows DeFi applications to provide a much broader range of financial services, and unlocks new capabilities for gaming, identity, AI, and much more,” Andreessen Horowitz General Partner Ali Yahya and partner Guy Wuollet wrote in a blog post

Aztec Network’s encrypted Ethereum blockchain will build on the encryption technologies that it has developed as part of an earlier project known as zk.money. It’s a blockchain built on Ethereum that enables users to carry out digital asset transactions. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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