# Fhenix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fhenix

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.fhenix.io
- Total disclosed funding: $22M
- Latest round: Series A (Jun 4, 2024)
- Investors on record: 13

## About

Founded in 2023 and based in Tel Aviv, Israel, Fhenix operates as a blockchain platform that offers homomorphic end-to-end encryption solutions for Web2 and Web3 applications. In October 2025, Fhenix raised an undisclosed amount of venture funding from new investors BIPROGY and TransLink Capital. Fhenix offers homomorphic encryption (FHE) technology used for end-to-end encryption that allows computations on encrypted data without requiring decryption. The company’s tool is fully compatible with Ethereum Virtual Machine (EVM) and supports Solidity, making it accessible to Ethereum developers to create encrypted smart contracts without requiring cryptographic expertise. The company plans to use the June 2024 funding to support the launch of its network testnet and for the development of its application. The company will use the October 2025 funding to support the further development of its privacy technology.

## Funding rounds

- Series A, Jun 4, 2024, $15M — Hack VC, Amber Group, Collider, Stake Capital, Primitive Ventures, dao5, GSR
- Seed, Sep 26, 2023, $7M — Multicoin Capital, Hack VC, Collider, Robot Ventures, Metaplanet Holdings, Node Capital, Bankless Ventures, Tane Labs FZCO

## Investors

- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed, Series A
- Collider — Seed, Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Seed
- Node Capital (https://capitalatlas.ai/funds/node-capital) — Seed
- Bankless Ventures (https://capitalatlas.ai/funds/bankless-ventures) — Seed
- Tane Labs FZCO — Seed
- Amber Group — Series A
- Stake Capital (https://capitalatlas.ai/funds/stake-capital) — Series A
- Primitive Ventures (https://capitalatlas.ai/funds/primitive-ventures) — Series A
- dao5 (https://capitalatlas.ai/funds/dao5) — Series A
- GSR — Series A