Alta raises $80 million in Series A for institutional blockchain infrastructure

Alta announced it raised $80 million in total funding, which included a $47.5 million Series A round and $32.5 million in previous seed financing. Index Ventures led the Series A round, with participation from GV, Blackbird Ventures, Square Peg, and Capital 49. Alta is building institutional-grade blockchain infrastructure designed to meet the privacy and compliance requirements of regulated financial institutions.

Alta is developing a foundation for global finance that enables financial assets and products to move instantly and globally. The company’s approach is designed to address privacy and compliance needs that existing crypto-native blockchains do not meet for regulated financial institutions.