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ZEC news: Paradigm, a16z, Winklevoss Capital, Balaji Srinivasan among investors in ZODL
Zcash Open Development Lab raised over $25 million from major investors to advance privacy software and expand its user-friendly Zodl wallet, boosting shielded pool growth by 400%.
- On March 9, 2026, Zcash Open Development Lab announced it raised more than $25 million in seed funding, led by key investors including Paradigm and a16z crypto.
- After a governance dispute with Bootstrap, the entire ECC engineering and product team resigned in January, citing difficulty working under the previous structure while ECC remains under Bootstrap.
- The Zodl mobile wallet, formerly Zashi, supports shielded ZEC transactions using zero-knowledge cryptography, helping expand the Orchard shielded pool from ~1M to ~4M ZEC since 2024.
- The funding will support hiring engineers and accelerated development, with Cypherpunk Technologies Inc. investing $5M into ZODL, while CYPH stock rose 2.7% and ZEC price climbed over 8.8% to $215.
- ZODL says it will continue protocol work while building products to broaden use, advancing privacy technologies and making private digital payments easier to use.
17 Articles
17 Articles
Major VCs Back Zcash Developers With $25 Million After ECC Split
Zcash Open Development Lab, the company formed by the team formerly known as Electric Coin Company, has raised more than $25 million from a roster of heavyweight crypto investors including a16z, Paradigm, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom (family office of Arthur Hayes), Chapter One, David Friedberg, Haseeb Qureshi, Mert, Balaji and others. What […]
Zcash Open Development Lab Raises $25M in Seed Funding
Zcash Open Development Lab (ZODL) has closed a $25 million seed funding round led by top-tier crypto investors including Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom, and Chapter One, along with individual investors Balaji Srinivasan, David Friedberg, Haseeb Qureshi, and others.https://t.co/MtgE0AF2eg— Zashi → Zodl (@zodl_app) March 9, 2026 The raise signals investor confidence in Zcash's priva…
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