# Inco

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

- Industry: Internet
- Headquarters: Miami, US
- Website: www.inco.org/
- Total disclosed funding: $4.5M
- Latest round: Seed (Nov 1, 2023)
- Investors on record: 9

## About

Based in New York, USA, and founded in 2023, Inco provides confidentiality to Web3 through fully homomorphic encryption (FHE) and Ethereum security. In April 2025, Inco raised USD 5 million in venture funding led by new investor Andreessen Horowitz, with participation from another new investor Coinbase Ventures. Returning investors 1kx, Orange DAO, South Park Commons, and Script Capital also participated in the round. Inco is a blockchain technology company developing a confidential computing network for web3 applications. Their core product, powered by Fully Homomorphic Encryption (FHE), enables computation on encrypted data without decryption, offering various benefits such as store encrypted data directly on the blockchain, eliminating the need for off-chain storage, perform calculations on encrypted data without decrypting it, allowing for secure comparison and manipulation of hidden values. The company plans to utilize the April 2025 funding to grow both its operations and growth initiatives.

## Funding rounds

- Seed, Nov 1, 2023, $4.5M — Fenbushi Capital, 1kx Ventures, Robot Ventures, Matter Labs, Circle Ventures, Big Brain Holdings, Portal Ventures, Symbolic Capital, Daedalus

## Investors

- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Matter Labs — Seed
- Circle Ventures — Seed
- Big Brain Holdings (https://capitalatlas.ai/funds/big-brain-holdings) — Seed
- Portal Ventures (https://capitalatlas.ai/funds/portal-ventures) — Seed
- Symbolic Capital (https://capitalatlas.ai/funds/symbolic-capital) — Seed
- Daedalus (https://capitalatlas.ai/funds/daedalus) — Seed