# Zama funding: rounds and investors

> Zama has raised $57M across 1 round since 2025. Investors include Pantera Capital, Blockchange Ventures and Plug and Play. Every round with its source.

Source: https://millionrounds.com/company/zama (Millionrounds; every figure on the page links to its filing or article)

France · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Zama*

One round we have observed, with the 6 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cybersecurity Web3 & Crypto

Valuation: $1.0B, Mar 2026

Follow Zama and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fzama)

Funding summary Updated 15 Nov 2026

**$57M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series B, $57M Jun 2025
- **Led by:** Pantera Capital and Blockchange Ventures
- **Investors:** 6 (2 led)

See who backed them

## The rounds

- **Jun 2025** Series B **$57M** [Pantera Capital](https://millionrounds.com/fund/pantera-capital) Lead [Blockchange Ventures](https://millionrounds.com/fund/blockchange-ventures) Lead [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Hack VC](https://millionrounds.com/fund/hack-vc) [Protocol Labs](https://millionrounds.com/fund/protocol-labs) [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) Reported by TechStartups

## Everyone who backed them

[Pantera Capital](https://millionrounds.com/fund/pantera-capital) VC firm **1** round, led 1

[Blockchange Ventures](https://millionrounds.com/fund/blockchange-ventures) VC firm **1** round, led 1

[Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round

[Hack VC](https://millionrounds.com/fund/hack-vc) VC firm **1** round

[Protocol Labs](https://millionrounds.com/fund/protocol-labs) Corporate VC **1** round

[Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=zama).

## Quick answers about Zama

### Who invested in Zama?

Zama's investors include Pantera Capital, Blockchange Ventures, Plug and Play, Hack VC and Protocol Labs, and 1 more on record. Pantera Capital led its latest round.

### How much has Zama raised?

Zama has raised $57M across 1 round since 2025.

### When did Zama last raise?

Zama's most recent round was a Series B of $57M in Jun 2025, led by Pantera Capital.

### What was Zama's biggest round?

Its most recent round, $57M in Jun 2025, is also its largest on record.

### Who backed Zama first?

Zama's first round on record, in Jun 2025, was backed by Pantera Capital, Blockchange Ventures and Plug and Play and 3 others.

### What stage is Zama at?

Zama's latest named round is a Series B, in Jun 2025.

### Where is Zama based?

Zama is based in France.

### Who led Zama's rounds?

Pantera Capital led the Series B in 2025.

## Companies like Zama

In the same sector, and raised in the last eighteen months.

[**Hackuity** $19M · Sept 2026](https://millionrounds.com/company/hackuity)[**Sorare** $680M · Sept 2026](https://millionrounds.com/company/sorare)[**Aria** $311M · Jul 2026](https://millionrounds.com/company/aria)[**Morpho** $175M · Jun 2026](https://millionrounds.com/company/morpho)[**Mokn** $18M · May 2026](https://millionrounds.com/company/mokn)[**Eyst Technology** $1.6M · May 2026](https://millionrounds.com/company/eyst-technology)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app