{"id":71588,"date":"2022-12-17T14:11:01","date_gmt":"2022-12-17T12:11:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71588"},"modified":"2025-09-08T09:49:00","modified_gmt":"2025-09-08T06:49:00","slug":"aztec-raises-100-million-series-b-led-by-andreessen-horowitz-and-other-investors","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/aztec-raises-100-million-series-b-led-by-andreessen-horowitz-and-other-investors\/","title":{"rendered":"Aztec raises $100 million Series B led by Andreessen Horowitz and other investors"},"content":{"rendered":"<p>London-based Aztec Network has closed a $100 million Series B funding round.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Aztec is proud to announce $100 million in Series B funding, led by <a href=\"https:\/\/twitter.com\/a16zcrypto?ref_src=twsrc%5Etfw\">@a16zcrypto<\/a>. <a href=\"https:\/\/t.co\/GqS1tNFXn6\">pic.twitter.com\/GqS1tNFXn6<\/a><\/p>\n<p>\u2014 Aztec (@aztecnetwork) <a href=\"https:\/\/twitter.com\/aztecnetwork\/status\/1603436677040459776?ref_src=twsrc%5Etfw\">December 15, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funding round was led by venture firm Andreessen Horowitz with participation from A_Capital, King River Capital, HashKey Capital, Fenbushi Capital, Variant, SV Angel and Alumni Ventures.<\/p>\n<p>The raised funds will be used to expand the team from 40 to 80 people and to develop an encrypted architecture to enable the use of blockchains without disclosing user-identifying information.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAt a high level, Aztec is an encrypted version of Ethereum. On Ethereum, everything is public, but we are doing it encrypted. This path has taken us many years,\u201d said co-founder Joe Andrews.<\/p>\n<\/blockquote>\n<p>The Aztec standard under development, called PLONK, enables a two-tier transaction processing system. The solution provides cheaper transfers (up to 100 times cheaper than Ethereum) and \u201cverifiable confidentiality,\u201d hiding the sender, recipient and amount.<\/p>\n<p>In December 2021, Aztec <a href=\"https:\/\/forklog.com\/en\/news\/aztec-closes-17-million-series-a-led-by-paradigm-and-other-investors\">attracted $17 million<\/a> from Paradigm and other investors.<\/p>\n<p>Read ForkLog\u2019s bitcoin news on our Telegram \u2014 crypto news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London-based Aztec Network closed a $100 million Series B funding round.<\/p>\n","protected":false},"author":1,"featured_media":71589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1971,1256,1133],"class_list":["post-71588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aztec","tag-privacy-and-personal-data","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=71588"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71588\/revisions"}],"predecessor-version":[{"id":71590,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71588\/revisions\/71590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/71589"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=71588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=71588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=71588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}