Fhenix Overview
Fhenix is developing a confidential blockchain powered by fully homomorphic encryption (FHE) in purpose to advance application development in the Ethereum ecosystem by bringing data encryption and encrypted-data computation to smart contracts, transactions and on-chain assets for the first time
Cumulative Funding Raised Over Time ($)
$7.0M
$22.0MJun 2024
$22.0MMar 2025
Latest News
growth-positive
Tandem by Offchain Labs Makes Strategic Investment in Fhenix
Tandem, the venture capital arm of Offchain Labs, has made a strategic investment in Fhenix to integrate Fully Homomorphic Encryption (FHE) into the blockchain ecosystem, including Arbitrum. This partnership aims to enhance privacy and security in blockchain applications, addressing critical confidentiality issues within the Ethereum network. The investment is expected to unlock new use cases such as confidential financial transactions and secure data marketplaces. Fhenix, led by Guy Zyskind, has made significant advancements in making FHE practical for blockchain, positioning it as a key player in cryptographic solutions. This collaboration underscores Tandems commitment to advancing privacy research and facilitating its application within the blockchain ecosystem.
InvestmentPartners
growth-positive
Fhenix raises $15 million Series A to bring confidentially to the Ethereum blockchain | CTech
Blockchain developer Fhenix has raised $15 million in a series A funding round led by Hack VC, with participation from Dao5, Amber Group, Primitive, GSR, Collider and Stake Capital. The funds will be used to support the initial stage of its open testnet, Helium, which will allow developers to deploy smart contracts to the Fhenix network for the first time. Fhenix is the first blockchain to integrate fully homomorphic encryption (FHE), a form of cryptography that allows data to be computed blindly without needing to be decrypted. The company recently announced a technical partnership with EigenLayer for the development of FHE Coprocessors.
Investment
growth-positive
Fhenix Raises $15M in Series A Funding
Fhenix, a Tel Aviv-based startup that aims to bring confidentiality to Ethereum, has raised $15 million in Series A funding. The round was led by Hack VC, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. The company, which has raised a total of $22 million, plans to use the funds to expand operations and its development efforts. Fhenix also announced the release of the initial version of the Fhenix testnet, Helium, which allows anyone to deploy their confidential smart contracts to the network using fully homomorphic encryption.
InvestmentExpand
growth-positive
Fhenix raises $7 million Seed for confidential blockchain powered by homomorphic encryption | CTech
Israeli startup Fhenix, which is developing a confidential blockchain powered by fully homomorphic encryption (FHE), has raised $7 million in a seed round. The funding was led by Multicoin Capital and Collider Ventures, with participation from Node Capital, Bankless, HackVC, TaneLabs, Metaplanet, and Robot Ventures. The funds will be used to bring the Fhenix Network into public testnet early next year and to support ecosystem application development. Fhenix aims to advance application development in the Ethereum ecosystem by bringing data encryption and encrypted-data computation to smart contracts, transactions, and on-chain assets.
InvestmentPartners
| Sector | Fintech & Insurtech |
Funding
| Total funding | $22M |
| Last funding | Undisclosed |
| Stage | A |
| Rounds | 3 |
| Investors | 14 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | www.fhenix.io |
Locations
Yigal Alon St 94, Tel Aviv-Yafo, 6744317, Israel
Photos & Videos
No files yet
Fhenix Business
Business models
—
Product stage
Released
Employees
11-50
Sector
Fintech & InsurtechMoney Transfer & ManagementTarget Customer
—Core Technology
—Tags (1)
blockchainFhenix Financials
$22M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
A
Funding stage
3
Total rounds
14
Investors
Cumulative Funding Raised Over Time ($)
$7.0M
$22.0MJun 2024
$22.0MMar 2025
Private Equity Funding
A Round
Mar 2025
Undisclosed
Offchain Labs (Lead)
A Round
Jun 2024
$15M
Hack VC (Lead)
,
Collider Ventures, Primitive Ventures, Amber Group, GSR, Dao5, Stake Capital
Seed
$7M
Multicoin Capital (Lead), Collider Ventures (Lead)
,
Hack VC, Metaplanet, Robot Ventures, Bankless, Tane Labs, Node Capital
Fhenix Lifecycle
Cumulative Funding Raised Over Time
$7.0M
$22.0MJun 2024
$22.0MMar 2025
All Events
A Round
Mar 2025
Undisclosed
Offchain Labs (Lead)
A Round
Jun 2024
$15M
Hack VC (Lead)
,
Collider Ventures, Primitive Ventures, Amber Group, GSR, Dao5, Stake Capital
Seed
$7M
Multicoin Capital (Lead), Collider Ventures (Lead)
,
Hack VC, Metaplanet, Robot Ventures, Bankless, Tane Labs, Node Capital
Fhenix News
4 articles
growth-positive
Tandem by Offchain Labs Makes Strategic Investment in Fhenix
Tandem, the venture capital arm of Offchain Labs, has made a strategic investment in Fhenix to integrate Fully Homomorphic Encryption (FHE) into the blockchain ecosystem, including Arbitrum. This partnership aims to enhance privacy and security in blockchain applications, addressing critical confidentiality issues within the Ethereum network. The investment is expected to unlock new use cases such as confidential financial transactions and secure data marketplaces. Fhenix, led by Guy Zyskind, has made significant advancements in making FHE practical for blockchain, positioning it as a key player in cryptographic solutions. This collaboration underscores Tandems commitment to advancing privacy research and facilitating its application within the blockchain ecosystem.
InvestmentPartners
growth-positive
Fhenix raises $15 million Series A to bring confidentially to the Ethereum blockchain | CTech
Blockchain developer Fhenix has raised $15 million in a series A funding round led by Hack VC, with participation from Dao5, Amber Group, Primitive, GSR, Collider and Stake Capital. The funds will be used to support the initial stage of its open testnet, Helium, which will allow developers to deploy smart contracts to the Fhenix network for the first time. Fhenix is the first blockchain to integrate fully homomorphic encryption (FHE), a form of cryptography that allows data to be computed blindly without needing to be decrypted. The company recently announced a technical partnership with EigenLayer for the development of FHE Coprocessors.
Investment
growth-positive
Fhenix Raises $15M in Series A Funding
Fhenix, a Tel Aviv-based startup that aims to bring confidentiality to Ethereum, has raised $15 million in Series A funding. The round was led by Hack VC, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. The company, which has raised a total of $22 million, plans to use the funds to expand operations and its development efforts. Fhenix also announced the release of the initial version of the Fhenix testnet, Helium, which allows anyone to deploy their confidential smart contracts to the network using fully homomorphic encryption.
InvestmentExpand
growth-positive
Fhenix raises $7 million Seed for confidential blockchain powered by homomorphic encryption | CTech
Israeli startup Fhenix, which is developing a confidential blockchain powered by fully homomorphic encryption (FHE), has raised $7 million in a seed round. The funding was led by Multicoin Capital and Collider Ventures, with participation from Node Capital, Bankless, HackVC, TaneLabs, Metaplanet, and Robot Ventures. The funds will be used to bring the Fhenix Network into public testnet early next year and to support ecosystem application development. Fhenix aims to advance application development in the Ethereum ecosystem by bringing data encryption and encrypted-data computation to smart contracts, transactions, and on-chain assets.
InvestmentPartners
Employee Info
| Employees (range) | 11-50 |
| Exact count | 48 |
| Team members | 2 |
Similar Companies
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Fhenix Internal
Recent Updates
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Admin Info
| Confidence | 70/100 |
| Missing | sector, tags, business model, video or image, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 516824299 |
| Crunchbase | fhenix |
| Creator | Matan Eblagon |
| Creator email | matane@sncentral.org |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2024-06-09T00:00:00.000Z |
| Created | 2023-09-26T00:00:00.000Z |