Alta Completes $47.5 Million Series A Funding Round

According to Fortune, compliance-focused blockchain startup Alta announced on Tuesday that it has closed a $47.5 million Series A round, with its valuation undisclosed. The round was led by Index Ventures, with participation from GV, Blackbird Ventures, Square Peg and Capital49, established by an Airwallex co-founder. The company previously closed a $32.5 million seed round with primary support from Airwallex. Alta was co-founded by CEO Loong Wang and former Meta executive Catherine Porter, recently renamed from its former name Metal, and currently has 25 employees with offices in San Francisco and Melbourne. Wang said the chain offers privacy and compliance tools for large financial institutions such as banks and includes functionality to prevent strangers from arbitrarily transferring funds to on-chain addresses.

Source: 深潮 TechFlow