# Ola

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

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.sin7y.org
- Total disclosed funding: $3M
- Latest round: Seed (Jul 3, 2023)
- Investors on record: 7

## About

Based in Singapore, and founded in 2021, OlaVM Technology Ltd., trading under the name Ola provides privacy-focused solutions for the security of cryptocurrency. As of 2023, the company is headed by its CEO Ocean Chen. In July 2023, the firm raised USD 3 million in Seed funding co-led by investors Foresight Ventures and Web3.com Ventures, with participation from other investors Catcher VC, J17 Capital, LD Capital, Skyland Ventures, and Token Metrics Ventures. Other investors also participated in the round.

The company offers ZKVM Layer 2 platform which powers public blockchain ecosystems. The firm platform has various features like programmable privacy, programmable scalability, and developer compatibility. The Ola framework also contains the Ola Compiler, Ola Prover, and Ola Delegator in addition to several tools like the Ola SDK, Ola Explorer, Ola OS, Ola IDE, and Ola UI, etc., to accommodate a variety of use cases with varying privacy requirements.

The company plans to use the July 2023 funding to support the improvement of Web3.

## Funding rounds

- Seed, Jul 3, 2023, $3M — Skyland Ventures, LD Capital, J17 Capital, Catcher VC, Foresight Ventures, Web3.com Ventures, Token Metrics Ventures

## Investors

- Skyland Ventures (https://capitalatlas.ai/funds/skyland-ventures) — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed
- J17 Capital (https://capitalatlas.ai/funds/j17-capital) — Seed
- Catcher VC — Seed
- Foresight Ventures (https://capitalatlas.ai/funds/foresight-ventures) — Seed
- Web3.com Ventures (https://capitalatlas.ai/funds/web3-com-ventures) — Seed
- Token Metrics Ventures — Seed