Alta secures $47.5 million Series A led by Index Ventures to build compliance blockchain for banks
Blockchain startup Alta has raised $47.5 million in a Series A round led by Index Ventures, bringing its total funding to $80 million as it builds a Layer 1 blockchain with built-in compliance and privacy features for financial institutions.
Blockchain startup Alta has raised $47.5 million in a Series A funding round led by Index Ventures, bringing the company's total funding to $80 million, according to reports from Fortune and The Block. Other participants in the round included Google Ventures, Blackbird Ventures, Square Peg, and Capital49.[1][4][6]
Alta is developing a Layer 1 blockchain tailored for banks, payment companies, and large financial institutions. The network is designed with integrated privacy and compliance controls to support regulatory adherence and operational efficiency across institutional financial transactions.[1][2][3][4]
Australian fintech firm Airwallex, which previously led Alta's $32.5 million seed round, remains a key backer and distribution partner as the startup develops its institutional blockchain infrastructure.[1]
Key facts
- Alta raised $47.5 million in a Series A funding round led by Index Ventures.
- The Series A round brought Alta's total funding to $80 million.
- Google Ventures, Blackbird Ventures, Square Peg, and Capital49 also participated in the Series A round.
- Alta is developing a Layer 1 blockchain with built-in privacy and compliance tools designed for banks and payment companies.
- Airwallex led Alta's $32.5 million seed round and acts as a key backer and distribution partner.
Sources · 5 sources
- TB
The Block@TheBlockCoPost on X ·
NEW: Blockchain startup Alta raised $47.5 million in a Series A funding round led by Index Ventures, with participation from Google Ventures, Blackbird Ventures, Square Peg and Capital49, Fortune reports. The company is developing a Layer 1 blockchain designed for banks and large financial institutions, with built-in privacy and compliance tools, and counts Australian fintech firm Airwallex — which led its $32.5 million seed round — as a key backer and distribution partner.
Open source - CB
Crypto BriefingArticle ·
Alta raises $47.5M Series A to build a compliance-first blockchain for banks Alta's compliance-focused blockchain could redefine financial transactions, enhancing regulatory adherence and efficiency in global banking. The post Alta raises $47.5M Series A to build a compliance-first blockchain for banks appeared first on Crypto Briefing .
Open source - TB
The BlockArticle ·
Alta raises $47.5 million Series A to build a blockchain for financial institutions Alta’s blockchain will combine privacy and compliance controls for banks and other financial firms.
Open source - TE
TechmemeArticle ·
Alta, which is building blockchain infrastructure for banks and payment companies, raised a $47.5M Series A led by Index, bringing its total funding to $80M (Kyle Baird/The Block) Kyle Baird / The Block : Alta, which is building blockchain infrastructure for banks and payment companies, raised a $47.5M Series A led by Index, bringing its total funding to $80M — Index Ventures led the round, bringing Alta's total funding to $80 million as it builds a blockchain for financial firms. — Make us preferred
Open source - CB
Crypto BriefingArticle ·
Alta raises $47.5 million Series A led by Index Ventures for compliance-first blockchain Alta's funding highlights growing institutional demand for compliant blockchain solutions, but reliance on a single partner poses risks. The post Alta raises $47.5 million Series A led by Index Ventures for compliance-first blockchain appeared first on Crypto Briefing .
Open source - TE
Techmeme@TechmemePost on X ·
Alta, which is building blockchain infrastructure for banks and payment companies, raised a $47.5M Series A, bringing its total funding to $80M (Kyle Baird / The Block) (Visit Techmeme dot com for the link and full context!)
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