Wed. Nov 30th, 2022

Nucleo Raises $4M in Seed Funding

Nucleo, a New York-based provider of a private, non-custodial, auditable multi-sig on Ethereum, raised $4M in Seed funding.

The round was led by Bain Capital Crypto and 6th Man Ventures, with participation from from notable leaders in privacy infrastructure and zero-knowledge cryptography including Aztec Network, Aleo and Espresso Systems. Aztec Network, Aleo and Espresso Systems.

The company intends to use the funds to further expand its team and support private multi-sig integration with existing organization tools including Juicebox and Gnosis. New capabilities Nucleo intends to develop with the proceeds include private DeFi for organizations, multi-chain privacy, and innovations needed across the entire tech stack to provide flexibility and expressivity for using private multi-sigs.

Co-founded by Matthew Wyatt and Luke Newman, Nucleo leverages advanced multi-signature and zero-knowledge cryptography, to provide the privacy infrastructure for any organization to take advantage of improved capital allocation, formation, and distributed ownership by going Web3-native. By partnering with privacy networks like Aztec, Aleo, and Espresso Systems, Nucleo will encourage adoption of blockchain systems with privacy by offering non-custodial, programable, and auditability solutions.

Nucleo launches with a team of over 7 professionals with unique experience in zero-knowledge proofs, multi-signature cryptography, product development, design, and software engineering. The company is currently hiring for full-stack and security engineer roles.

FinSMEs

22/11/2022

SOURCE https://www.finsmes.com/2022/11/nucleo-raises-4m-in-seed-funding.html

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