Overview
- Investors include Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Chapter One, and angels such as Balaji Srinivasan and Haseeb Qureshi, with additional backing reported from Maelstrom and others.
- ZODL says the capital will fund hiring and accelerate work on the Zcash protocol alongside its self-custodial mobile wallet, Zodl.
- The Zodl wallet, formerly Zashi, is credited by the team with driving more than 400% growth in Zcash’s shielded pool since 2024 and processing over $600 million in ZEC swaps since October 2025.
- The former ECC engineering and product group now operates independently through ZODL, while ECC remains under the Bootstrap nonprofit’s governance.
- ZEC rose between roughly 7% and 10% over 24 hours to around $215–$218 after the funding news, according to multiple market reports.