Total amount raised
$169.9 Millions
Latest funding date
1/1/2022
Location
Zero Hash has successfully raised significant funding through multiple rounds, attracting notable investors such as Nyca Partners, Bain Capital Ventures, and Point72 Ventures. The platform offers a B2B2C crypto-as-a-service infrastructure, enabling seamless integration of digital assets into various customer experiences.
Keep reading to explore the intricacies of Zero Hash's fundraising journey and the investors backing this innovative platform.
What Is Zero Hash?
Zero Hash, founded in 2015 by Brian Liston and Edward Woodford, is headquartered in Chicago, Illinois. The company specializes in providing B2B2C crypto-as-a-service infrastructure, enabling seamless integration of digital assets into various customer experiences.
Zero Hash offers a turnkey solution that handles the entire back-end complexity and regulatory licensing required to offer digital asset products. Their services power neo-banks, broker-dealers, and payment groups to offer digital asset trading and custody, crypto-backed rewards, and round-ups programs.
With a team of 51-100 employees, Zero Hash supports clients like MoneyLion, Transak, Wirex, Deserve, MoonPay, and tastyworks, ensuring robust and compliant digital asset solutions.
How Much Funding Has Zero Hash Raised?
- Seed Round
- Amount Raised: $700K
- Date: September 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and operations.
- Series B
- Amount Raised: $15M
- Date: September 2018
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's capabilities and market reach.
- Venture Round
- Amount Raised: $6M
- Date: July 2018
- Lead Investors: Struck Crypto
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its services.
- Series C
- Amount Raised: $4.8M
- Date: September 2020
- Lead Investors: tastylive
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance its infrastructure.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: MoneyLion
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic partnerships and integrations.
- Series C
- Amount Raised: $35M
- Date: September 2021
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business and enhancing its infrastructure.
- Series D
- Amount Raised: $105M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on the growing demand for digital assets and expand the global team.
Total Amount Raised: $165.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Point72 Ventures
- Details: Point72 Ventures is the venture capital arm of Point72 Asset Management, founded by Steve Cohen. The firm focuses on early-stage investments in various sectors.
- Investment Focus Areas: Fintech, Artificial Intelligence, Enterprise Technology
- Notable Investments: Chainalysis, Socure, Extend
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital division of Bain Capital, investing in seed to growth-stage companies. The firm has a strong presence in the technology and financial services sectors.
- Investment Focus Areas: Fintech, SaaS, Infrastructure, Healthcare
- Notable Investments: AvidXchange, Billtrust, Flywire
- NYCA
- Details: NYCA is a venture capital and advisory firm focused on financial technology companies. The firm provides both capital and strategic advice to its portfolio companies.
- Investment Focus Areas: Financial Technology, Payments, Blockchain
- Notable Investments: Acorns, Affirm, Digit
- Struck Crypto
- Details: Struck Crypto is a venture capital firm that specializes in investments in the cryptocurrency and blockchain sectors. The firm aims to support innovative startups in the digital asset space.
- Investment Focus Areas: Cryptocurrency, Blockchain, Fintech
- Notable Investments: Not publicly disclosed
- MoneyLion
- Details: MoneyLion is a financial technology company that offers a range of financial products and services, including personal loans, credit monitoring, and investment accounts.
- Investment Focus Areas: Fintech, Personal Finance, Digital Banking
- Notable Investments: Not publicly disclosed
What's Next for Zero Hash?
Zero Hash stands at the cusp of significant opportunities, driven by the increasing adoption of digital assets. The company is poised to expand its global footprint, enhance support for Layer 2 protocols, and double the number of supported assets. This growth is fueled by the rising demand for seamless integration of crypto and NFTs into customer experiences, positioning Zero Hash to capitalize on the burgeoning digital-assets-as-a-service market.
Future fundraising appears promising, given the rapid succession of recent funding rounds. The company’s strategic focus on expanding its team and product offerings suggests that additional capital will be sought to support these initiatives. However, challenges such as navigating complex regulatory landscapes and staying ahead of technological advancements remain. Despite these hurdles, Zero Hash's robust infrastructure and strategic vision make it a formidable player in the digital asset space.
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