Alta completes $47.5 million Series A funding
Original headlineAlta 完成 4750 万美元 A 轮融资
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Compliance-focused blockchain startup Alta has raised a $47.5 million Series A led by Index Ventures, with participation from GV, Blackbird Ventures, Square Peg and Capital49, at an undisclosed valuation, following a $32.5 million seed round backed chiefly by Airwallex. The company, formerly known as Metal and co-founded by CEO Loong Wang and ex-Meta executive Catherine Porter, employs 25 people across San Francisco and Melbourne. Alta's chain offers privacy and compliance tools aimed at large financial institutions such as banks, including a feature that blocks unsolicited transfers to on-chain addresses from unknown parties. The raise signals continued investor appetite for regulated, institution-oriented blockchain infrastructure rather than retail-facing crypto products. Next, watch for the chain's mainnet and customer rollout, and whether the bank-focused compliance model attracts named financial institution partners.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Alta, Catherine Porter, Loong Wang, Index Ventures, GV, Capital49, Square Peg, Blackbird Ventures