Inco Secures $5 Million in New Funding Round
Deal News | May 01, 2025 | Wilson Sonsini
Inco, a pioneer in the development of a universal confidentiality layer for web3, announced the successful completion of a $5 million funding round on April 24, 2025. The round was spearheaded by Andreessen Horowitz Crypto Startup Accelerator, with Coinbase Ventures joining as a new investor. Existing contributors such as 1kx Capital, OrangeDAO, South Park Commons, and Script Capital also participated. With this influx, Inco's total funding reaches $10 million. Wilson Sonsini Goodrich & Rosati provided legal advice to Inco during this funding round, continuing its role from previous financial engagements.
Sectors
- Blockchain Technology
- Venture Capital
- Legal Advisory
Geography
- United States – Andreessen Horowitz, Coinbase Ventures, and law firm Wilson Sonsini are all based in the United States, making it a key geography for this transaction.
Industry
- Blockchain Technology – Inco is working on a universal confidentiality layer for web3, which falls under the blockchain technology industry.
- Venture Capital – The article discusses a funding round involving multiple venture capital firms such as Andreessen Horowitz and Coinbase Ventures.
- Legal Advisory – Wilson Sonsini Goodrich & Rosati provided legal advice on the funding round, placing part of the focus in the legal advisory industry.
Financials
- $5 million – The amount raised by Inco in its latest funding round.
- $10 million – The total funding Inco has accumulated to date.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inco | Target | Company | A company focusing on building a universal confidentiality layer for web3. |
| Andreessen Horowitz Crypto Startup Accelerator (a16z CSX) | Bidding Company/Investor | Company | A leading venture capital firm known for investing in crypto and blockchain startups. |
| Coinbase Ventures | Bidding Company/Investor | Company | The investment arm of Coinbase, focusing on supporting innovative companies in the crypto space. |
| 1kx Capital | Other Investor | Company | An early-stage investment firm focused on cryptocurrencies and blockchain technologies. |
| OrangeDAO | Other Investor | Company | A decentralized autonomous organization supporting Web3 projects. |
| South Park Commons | Other Investor | Company | A community-driven investment group backing early-stage technology companies. |
| Script Capital | Other Investor | Company | A venture capital firm investing in seed-stage tech companies. |
| Wilson Sonsini Goodrich & Rosati | Legal Advisor | Company | A law firm providing legal services to Inco for this and previous funding rounds. |