Zama Raises $57M In Series B To Bring End-to-End Encryption To Public Blockchains

Paris, Zug, France/Switzerland, June 25th, 2025, Chainwire

• With new backing by leading U.S. blockchain investors, Zama becomes the world’s first Fully Homomorphic Encryption (FHE) unicorn.

• Funding coincides with the announcement of the Zama Protocol, which enables confidential applications on any blockchain.

• From July 2025, developers can start building FHE applications on Zama’s public testnet.

Zama, the open-source cryptography company building state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain, announced a $57 million Series B funding round co-led by U.S.-based investment firms Blockchange Ventures and Pantera Capital, bringing Zama’s total funding to over $150 million, and its valuation to north of a billion USD.

The new funding will support Zama’s mainnet launch, ecosystem adoption, and research efforts to make financial applications built with FHE scale to thousands of transactions per second.

The timing of Zama's announcement reflects ...