Alta raises $47.5M Series A… develops blockchain for banks and payment companies

Alta, a blockchain infrastructure startup targeting banks and payment processors, raised $47.5 million in a Series A round led by Index Ventures with participation from GV, Blackbird Ventures, Square Peg and Capital 49, bringing its total funding to $80 million after a prior $32.5 million seed round. The company did not disclose its valuation. Alta's chain embeds privacy and regulatory-compliance features at the protocol level, aimed at making blockchain viable for regulated financial institutions. The raise signals continued venture appetite for compliance-ready infrastructure as banks and payment firms weigh on-chain settlement. Next, watch for Alta's first production deployments with banking and payments partners and any disclosed valuation or customer commitments.