ZKP technology startup Ligero completes $4 million funding, led by Galaxy Ventures and 1kx

ChainCatcher news, according to The Block, ZKP technology startup Ligero has completed a $4 million seed round financing. This round was co-led by Galaxy Ventures and 1kx, with participation from Franklin Templeton, Nascent, Anagram, Robot Ventures, Digital Currency Group, and ZKV.

The company began this round of financing in March 2024 and concluded it in July 2024. The structure of the seed round financing is a simple agreement for future equity (SAFE), accompanied by token warrants, with a valuation cap of $20 million. There are currently no plans to launch a token.

According to the Web3 asset data platform RootData, Ligero is a lightweight and scalable protocol for secure multi-party computation (MPC) and zero-knowledge proofs (ZKP).