Manta Network is building a privacy layer for the Polkadot ecosystem that allows users to send stablecoins or any token without revealing wallet identities and to conduct anonymous swaps directly on decentralized exchanges. Before Manta, comparable end-to-end privacy for on-chain swapping had not been available, giving the project a clear technical differentiation. The protocol is designed so that linking a real-world identity to an on-chain wallet becomes virtually impossible. According to the article, the team raised capital at the beginning of 2020, a challenging time for fundraising in the crypto market. The company collected only US$1.1 million in that early round, an amount commentators note would likely be far higher if raised today. No operating metrics such as user numbers or revenue were disclosed in the article.

Total raised

$30M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2023