Seismic Secures $10 Million in Funding Led by a16z Crypto
Seismic’s latest fundraising, led by a16z, targets overcoming privacy hurdles for fintechs to use public blockchains in services like private credit and cash accounts.
Summary
Seismic officially announced it raised $10 million in a funding round led by a16z crypto to address privacy barriers preventing fintech companies from using public blockchains for services such as private credit and cash accounts. Investors include Polychain, Amber Group, TrueBridge, dao5, and LayerZero. This follows its $7 million seed round in March 2025, increasing total funding to $17 million. Seismic develops private blockchain payment rails and plans to expand offerings with fiat on/off ramps and card programs, working alongside partners like Brookwell and Cred.
Terms & Concepts
- Private Blockchain: A blockchain network with restricted access, controlled by a single organization to enhance privacy and security.
- a16z Crypto: The cryptocurrency investment arm of Andreessen Horowitz, a prominent venture capital firm.
- Public Blockchain: An open blockchain network accessible to anyone, enabling transparent and decentralized transactions.