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Crypto privacy funding: 13 rounds, $81.7M, Zama took 67%

By NAUT Research · · 7 min read

$81.7M Crypto privacy funding raised across 13 rounds at 6 privacy companies on NAUT, 1 January to 11 November 2026. Logos: Zama, Aligned, Beldex, P2P.me, octra, Aztec Network.

NAUT tracks 13 crypto privacy funding rounds announced between 1 January 2026 and 11 November 2026, at 6 live companies its database tags in the Privacy sector, and all 13 disclose an amount: $81,724,750 together. Zama holds 7 of those rounds and $54,835,000 of that total, 67.1%, and 12 of the 13 rounds are public token sales rather than a priced equity round.

Data as of 11 November 2026, from NAUT's own funding records. The scope is every round record dated on or after 1 January 2026 at a live, publishable company row carrying NAUT's Privacy sector tag: 13 round records at 6 companies, each with a stored amount, each tabled below. 1 of the 6, Aligned, carries the Privacy tag while its own stored line describes a zero-knowledge proof verification stack, so it is counted here and flagged rather than quietly folded in. 7 claims covering all 6 companies' rounds went to outside pages on 11 November 2026: 2 cleared the quote-or-second-source bar and are cited under Sources (Aligned's $10,000,000 sale, Beldex's $8,000,000 round), and 5 came back different from NAUT's stored figure or event count, so for those rounds this report prints NAUT's record alone and no outside amount. 11 of the 13 rounds therefore carry no outside citation here. Separately, all 9 stored X handles put to a check came back confirmed, on the account and on a second page: the 6 companies and the 3 firms on the Beldex round. Lifetime totals stored in NAUT's summary text for Zama and Aligned sit outside this window and are left out of the $81,724,750. NAUT Research wrote this report; no one paid for it.

Which crypto privacy funding rounds closed, and how big was each?

13 rounds, from Zama's $35,000,000 sale on 12 January 2026 down to 2 Aztec Network rows of $5,000 and $3,750 on 9 February 2026. The table is every round record in the window, oldest first, with the backers NAUT's own data holds for it.

Date Company Type Raised Backers
12 Jan ICO $35M None on record
13 Jan IEO $10,000 None on record
20 Jan IEO $4.4M None on record
21 Jan ICO $4.4M None on record
26 Jan IEO $10,000 None on record
26 Jan IEO $15,000 None on record
29 Jan IEO $11M None on record
9 Feb IEO $5,000 None on record
9 Feb IEO $3,750 None on record
26 Mar IDO $6M None on record
13 Apr ICO $10M None on record
13 Apr IDO $2.88M None on record
20 Aug Undisc. $8M (lead), ,

By stored round type the 13 split 7 IEO, 3 ICO, 2 IDO and 1 held as Undisclosed, which is Beldex's $8,000,000 round of 20 August 2026. The 12 token sales hold $73,724,750 of the total, 90.2%. The median round is $4,400,000: 5 of the 13 came in under $100,000 and 7 at $4,400,000 or more, with octra's $2,881,000 between the 2 groups.

"None on record" means NAUT's round record names no backer for that row, never that the sale had no participants. 1 of the 13 rounds carries backers on NAUT's data, and that is the Beldex row.

Who runs each company, and who backed it?

6 companies, with the founders and operators NAUT holds a profile page for. NAUT's data shows 46 contact records across the 6 rows read on 11 November 2026, 23 of them at Zama.

builds a modular fully homomorphic encryption framework for encrypted smart contract execution. 7 rounds, $54,835,000. Co-Founder and CEO: Rand Hindi. Co-Founder and CTO: Pascal Paillier. Backers on NAUT's record: none on any of the 7 rows.

builds a zero-knowledge modular stack on EigenLayer to make Ethereum proof verification faster and cheaper. 1 round, $10,000,000. Founder and Head of Research: Diego Kingston. Founder and Head of Engineering: Mauro Toscano. Founder: Federico Carrone. Backers on NAUT's record: none. NAUT also holds 2 near-duplicate founder rows for 1 further person at this company, so that name is left out until the rows are merged.

builds a privacy-first application ecosystem. 1 round, $8,000,000, announced 20 August 2026. Led by: Sigma Capital. Joined: NxGen, NewTribe Capital. Beldex's own post on the round says it was "led by Sigma Capital, with NTC, Nxgen, Digital Consensus Fund, and EAK Ventures", so Digital Consensus Fund and EAK Ventures were in the round as well and NAUT's row does not carry them. NAUT holds 6 contact records here and this report names none of them: the page checked on 11 November 2026 put the chief executive role with a different person from the one NAUT's stored title names, so the title is held back as a defect.

runs a peer-to-peer protocol on Base for fiat and crypto trades, using zero-knowledge proofs for private KYC and trustless matching. 1 round, $6,000,000. NAUT holds 2 contact records at this company and neither is a founder row, so no name is given here. Backers on NAUT's record: none.

runs a fully homomorphic encryption Layer 1 with privacy-on-demand contract execution. 1 round, $2,881,000. Co-founder: David Amishav. Backers on NAUT's record: none.

runs a privacy-focused Ethereum Layer 2 with private and public contract state. 2 rounds, $8,750 together. Co-founder and CEO: Zac Williamson. Backers on NAUT's record: none.

Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

How much crypto privacy funding did each company raise?

Ranked by disclosed total on NAUT's record for the 6 privacy crypto startups in this set, 1 January to 11 November 2026.

Rank Company Rounds Raised Share
1 7 $54.84M 67.1%
2 1 $10M 12.2%
3 1 $8M 9.8%
4 1 $6M 7.3%
5 1 $2.88M 3.5%
6 2 $8,750 0.01%
Disclosed total per company, 13 rounds since 1 January 2026
  1. Zama$54.8M
  2. Aligned$10M
  3. Beldex$8M
  4. P2P.me$6M
  5. octra$2.88M
  6. Aztec Network$0.009M

The top 3 companies hold $72,835,000 of the $81,724,750, 89.1%, and Zama's single largest round, the $35,000,000 sale of 12 January 2026, is 42.8% of everything in the window on its own.

What this tells a BD team

  • The money is concentrated in 3 names. Zama, Aligned and Beldex hold 89.1% of the $81,724,750, so a privacy-sector pipeline that misses them misses the budget.
  • 12 of the 13 rounds are public token sales. Teams that just ran an ICO, IEO or IDO are buying listings, market making, audits and compliance work, and they are buying it now.
  • is the deepest team on this list. 23 of the 46 contact records across the 6 companies sit there, which is where a multi-threaded account plan is possible.
  • 1 round in this set has funds attached on NAUT's record. Sigma Capital, NxGen and NewTribe Capital on Beldex's $8,000,000, which makes them the warm-intro route into privacy deals.
How a BD team can work these 13 rounds
  1. Start with the 3 largestZama at $54,835,000, Aligned at $10,000,000 and Beldex at $8,000,000 hold 89.1% of the total.
  2. Open the team tabNAUT holds 46 contact records across the 6 companies, 23 of them at Zama.
  3. Time the token-sale teams12 of the 13 rounds are ICO, IEO or IDO sales, so listing and market-making needs are live.
  4. Route through the 1 funded roundSigma Capital, NxGen and NewTribe Capital sit on Beldex's $8,000,000 of 20 August 2026.

What this tells a privacy founder raising now

  • The public sale is the route 12 of 13 rounds took. 7 IEO rows, 3 ICO rows and 2 IDO rows, against 1 round stored as Undisclosed.
  • The median round is $4,400,000. 5 of the 13 landed under $100,000 and 7 at $4,400,000 or more, so a privacy raise in 2026 was either a small listing tranche or a sale above $4,400,000.
  • A fund-backed round is the exception in this set. Beldex's 20 August 2026 round is the 1 row carrying named backers on NAUT's data, and its own post names 2 further firms NAUT's row does not hold.
  • 1 of these 6 companies is tagged Privacy for a proof verification stack. Aligned's own line is about verifying Ethereum proofs, which is worth knowing before you pitch yourself as its direct comparison.
How a founder can read this set before a raise
  1. Pick your lane7 IEO, 3 ICO and 2 IDO rows show which sale route privacy teams used in 2026.
  2. Size the askThe median round is $4,400,000, with 5 of the 13 under $100,000.
  3. Study the 1 funded roundBeldex's $8,000,000 of 20 August 2026 is the row with funds named on NAUT.
  4. Build the listSigma Capital's NAUT page carries its portfolio rows with amount, date and lead flag.

How to reach the decision makers

Each of the 6 company pages on naut.so carries its own team list, so the route is the company page, then the person page: Rand Hindi and Pascal Paillier at Zama, Zac Williamson at Aztec Network, Diego Kingston, Mauro Toscano and Federico Carrone at Aligned, and David Amishav at octra. 2 of those 7 titles were put to an outside page on 11 November 2026 and both came back confirmed (Zac Williamson and Rand Hindi); the other 5 stand as NAUT's stored title. On the fund side, the 3 privacy tech investors NAUT's record attaches to this set, Sigma Capital, NxGen and NewTribe Capital, each have a NAUT page with their team and their recorded rounds.

Related reading on NAUT: Crypto privacy projects: 72 on NAUT, 46 with a token and Crypto funding statistics 2026: 327 rounds, $11.45B, 30 numbers.

Can you pull this data through the NAUT API?

Yes. GET https://api.naut.so/v1/projects?sector=Privacy returns the privacy-tagged companies this report is drawn from, GET https://api.naut.so/v1/projects/zama returns 1 company with its team, and GET https://api.naut.so/v1/investors/sigma-capital returns 1 fund with its portfolio rows, each carrying company, roundType, amountUsd, announceDate and isLead, which is the shape behind the table above. Every call is a GET with Authorization: Bearer $NAUT_KEY and costs 5 credits, documented at https://naut.so/docs/api with plans at https://naut.so/pricing. The verified Telegram, email and LinkedIn of the people named here unlock on any paid NAUT plan, so you can start a 7-day trial and reveal them.

Crypto privacy funding FAQ

How much did crypto privacy startups raise in 2026?

NAUT's data shows $81,724,750 across 13 rounds at 6 live Privacy-tagged companies announced between 1 January 2026 and 11 November 2026. All 13 round records disclose an amount.

Which crypto privacy company raised the most?

Zama, with $54,835,000 across 7 rounds between 12 January and 29 January 2026, 67.1% of the $81,724,750 in this window. Its $35,000,000 round of 12 January 2026 is the single largest row, 42.8% of the total, and Aligned is next by company total at $10,000,000.

Who backed these crypto privacy funding rounds?

1 of the 13 rounds carries backers on NAUT's record: Beldex's $8,000,000 of 20 August 2026, with Sigma Capital carrying the lead flag and NxGen and NewTribe Capital joining. The other 12 rounds are public token sales with no backer stored on NAUT's row, which is NAUT's coverage of them and not proof that no firm took part.

What types of rounds were these 13 privacy raises?

7 were stored as IEO, 3 as ICO, 2 as IDO and 1 as Undisclosed, which is Beldex's $8,000,000 round of 20 August 2026. The 12 token sales hold $73,724,750 of the $81,724,750, 90.2%.

Where can I find the founders of these privacy startups and their contact channels?

On NAUT. This report names 7 founders and operators with a page on naut.so, at 4 of the 6 companies, from Rand Hindi at Zama to David Amishav at octra, and GET https://api.naut.so/v1/projects/aligned returns 1 company with its team. Their verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and reveal them.

Sources

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