Privacy blockchain Miden completes $25 million seed round financing, led by a16z

ChainCatcher news, according to Fortune, the privacy blockchain project Miden, co-founded by former Meta engineers, announced on April 29, 2025, Beijing time, that it has completed a $25 million seed round of financing, led by the crypto division of Andreessen Horowitz along with Hack VC and 1kx, with participation from Finality Capital Partners, Symbolic Capital, and several angel investors in the crypto space.

Polygon Labs did not invest directly but reached an agreement to allocate about 10% of Miden's future token issuance to Polygon token holders. Miden focuses on achieving transaction privacy through zero-knowledge proofs while balancing the performance and decentralization of the blockchain.