Masa raises $5.4M in seed round to build a personal data network on Avalanche

• Masa raised $3.5 million in a pre-seed round in 2022, and the seed funding brings the total to $9.2 million.
• Masa will use these funds to build its decentralised zk network for personal data on Avalanche.

Masa Network, a platform building a zero-knowledge (zk) data network and marketplace, has raised $5.4 million in its seed round, according to an announcement on Tuesday, January 23.

Anagram, a venture capital platform co-founded by Lily Liu (Solana Foundation President) and Joe Eagan (former Polychain President), led the seed round. Other participants include Digital Currency Group, Avalanche Blizzard Fund, GoldenTree, and OP Crypto among others.

The seed round adds to the $3.5 million Masa raised in a pre-seed funding round closed in 2022. With this funding, the platform has now raised a total of $9.2 million.

Masa plans to use the new capital injection to build its decentralized network for personal data, which it dubs a “decentralized Google.” Per details published today in a Medium post, Masa expects to launch the network as a subnet on Avalanche.

“Masa lets you control and monetize your data on a decentralized marketplace. Own your data, control its use, get paid. The future is data sovereignty. The power is yours with Masa,” Calanthia Mei, co-founder of Masa Network, said.

Since its launch in August 2022, Masa’s zero-knowledge powered data network has been integrated by top crypto projects such as Avalanche, Injective, Celo and QuickSwap.