Demox Labs, a San Francisco, CA-based company which is working to preserve user privacy and increase the adoption of zero-knowledge blockchain technology among individuals and enterprises, raised $4.5M in Pre-Seed funding.
The round was led by HackVC with participation from DCVC, Amplify Partners, Coinbase Ventures, CRV, OpenSea, CSquared, Santiago Santos, Sriram Krishnan, Ryan Selkis, OpenSea, Space Whale, and venture decentralized autonomous organizations (DAOs) HoneyDAO and AngelDAO.
The company intends to use the funds for the creation of zero-knowledge blockchain infrastructure for enterprises, deployment of privacy-based frameworks for innovative developers, and advancement of Leo Wallet’s privacy technology and interoperability with other blockchains.
Led by Barron Caster, CEO Demox Labs provides solutions for developers to create innovative products for zero-knowledge blockchains and launched its first public product, Leo Wallet, a privacy-focused cryptocurrency wallet for use with the Aleo blockchain, in the spring of 2023.
Leo Wallet allows interactions with programmable zero-knowledge blockchains from a user’s browser.