A16z leads $25M funding for Miden blockchain project

Miden, a zk-powered blockchain spun out of Polygon Labs, raised $25 million led by a16z to scale edge execution and support institutional blockchain adoption.

A16z Crypto led a $25 million investment round into Miden, an independent blockchain project spun out of Polygon Labs.

Miden closed its $25 million seed rounds led by a16z Crypto, 1kx, and Hack VC, with participation from Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund, MH Ventures, as well as from angel investors, including MakerDAO’s Rune Christensen and EigenLayer’s Sreeram Kannan.

Miden is a zero-knowledge (ZK) proof-powered blockchain focused on high scalability through its hybrid consensus mode, which moves transaction execution from the mainnet on “edge devices,” referring to users’ devices.

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