{"id":63013,"date":"2026-03-10T09:51:38","date_gmt":"2026-03-10T02:51:38","guid":{"rendered":"https:\/\/hbbgroup.net\/zcash-devs-raise-25m-from-major-vcs-months-after-ecc-split\/"},"modified":"2026-03-10T09:51:38","modified_gmt":"2026-03-10T02:51:38","slug":"zcash-devs-raise-25m-from-major-vcs-months-after-ecc-split","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/zcash-devs-raise-25m-from-major-vcs-months-after-ecc-split\/","title":{"rendered":"Zcash devs raise $25M from major VCs months after ECC split"},"content":{"rendered":"

The Zcash token rose 4.1% to $217.80 on news of the $25 million funding round and is now up 9.8% over the last 24 hours.<\/p>\n

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The development team that left Electric Coin Company in January to launch Zcash Open Development Lab (ZODL) has raised over $25 million from the likes of a16z Crypto and Coinbase Ventures to continue building the privacy-focused, self-custodial Zodl wallet.<\/p>\n

ZODL was founded by former ECC CEO Josh Swihart<\/a> and includes the entire engineering and product team that previously worked on the Zodl wallet at ECC. They resigned due to disputes<\/a> with Bootstrap, the nonprofit that oversees ECC, over how Zcash should function as a privacy protocol.<\/p>\n

ZODL said<\/a> in an X post on Monday that crypto-focused investment firms Paradigm, Winklevoss Capital, Cypherpunk Technologies, Maelstrom, and Chapter One were among the other participants in the $25 million funding round.<\/p>\n

Former Coinbase chief technology officer Balaji Srinivasan, Silicon Valley investor David Friedberg and Dragonfly managing partner Haseeb Qureshi also contributed.<\/p>\n

ZODL said the widespread backing \u201creflects strong conviction from some of the most respected investors in crypto, not only in privacy as a principle, but in the continued growth of the Zcash ecosystem,\u201d adding it would use the funds to expand its engineering team.<\/a><\/p>\n

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Source: <\/em>Peacemonger<\/em><\/a><\/figcaption><\/figure>\n

The open-source Zodl wallet is one of the main infrastructures powering the Zcash ecosystem.<\/p>\n

Zodl wallet was initially launched by ECC under Swihart\u2019s leadership<\/a> as Zashi before ZODL renamed it to Zodl wallet in February.<\/p>\n

Zcash jumps nearly 10% over 24 hours<\/h2>\n

Zcash (ZEC<\/a>) was one of the better-performing privacy tokens last year,<\/a> rising nearly tenfold from $55.86 to $527.84 amid renewed interest in privacy-focused protocols.<\/p>\n

While ZEC has been impacted by the broader crypto market pullback to start 2026, it increased 4.1% to $217.80 on news of the latest funding round, CoinGecko data<\/a> shows.<\/p>\n

Related: <\/strong><\/em>US Treasury report notes legitimate privacy uses for crypto mixers<\/strong><\/em><\/a><\/p>\n

ZODL said the Zodl wallet facilitated more than $600 million in ZEC swaps since October 2025, while noting that the Zcash shielded pool has grown by over 400% since its launch in 2024.<\/p>\n

The Zcash shielded pool is the protocol\u2019s main feature to mix transactions so details of the sender, receiver and amount remain hidden and untraceable.<\/p>\n

Magazine:<\/strong><\/em> 2026 is the year of pragmatic privacy in crypto \u2014 Canton, Zcash and more<\/strong><\/em><\/a><\/p>\n