Fairblock is a technology company.
Fairblock has raised $3.0M across 1 funding round.
Fairblock has raised $3.0M in total across 1 funding round.
Fairblock has raised $3.0M in total across 1 funding round.
Fairblock's investors include AirAngels, Andreessen Horowitz, Archetype, Ascender Ventures, Audacity, Awesome People Ventures, Battery Ventures, Blockchain Capital, Chapter One Ventures, CoinFund, Divergence Ventures, Electric Ant.
Fairblock is a blockchain infrastructure company building a decentralized cryptographic computer with its own execution layer, FairyRing, for confidential computing. It develops confidential apps (cApps) that enable end-to-end privacy in open finance, protecting transactions from information leakage during execution.[1][3] These cApps serve retail users, institutions, and businesses in areas like payroll, cross-border payments, trading, treasury operations, OTC, M&A, and strategic buybacks, solving the problem of exposed onchain data that enables manipulation, bots, and unfair pricing.[1][2] Fairblock's growth includes a $2.5M seed round led by Galileo Ventures with backers like Lemniscap and Robot Ventures, a live public testnet (FairyRing), and integrations with ecosystems like Ethereum, Arbitrum, Solana, and trading platforms such as CowSwap.[1][2][3]
Fairblock was co-founded by Peyman Momeni, a master's graduate from the University of Waterloo's Cheriton School of Computer Science, and Bowen You, with most of the team also from Waterloo—a hub for blockchain innovation linked to figures like Ethereum co-founder Vitalik Buterin.[2] The idea emerged from expertise in applied cryptography, including identity-based encryption (IBE) and fully homomorphic encryption (FHE), to address blockchain's privacy risks where transaction contents leak during execution, enabling malicious exploitation.[2] Early traction came via the $2.5M funding in 2024 to hire talent and build infrastructure for pre-execution privacy, followed by product launches like the FairyRing public testnet and apps such as FairyCoW Swap for protected trading on CoWSwap.[2][3]
Fairblock stands out in confidential computing through these key features:
Fairblock rides the confidential computing trend in blockchain, where rising onchain activity in DeFi, payments, and AI inference demands privacy to counter front-running, MEV exploitation, and data brokerage—issues amplified by transparent ledgers.[1][2][3] Timing aligns with maturing cryptography (FHE, MPC) and layer-2 scaling on Ethereum/Solana, enabling scalable private apps without offchain trust.[3] Market forces like regulatory pushes for data protection and institutional DeFi adoption favor it, as exposed transactions hinder enterprise use cases like treasury or M&A.[1] Fairblock influences the ecosystem by powering cross-chain accessibility and apps like encrypted stablecoins/stable swaps, fostering fairer economies and unlocking privacy-native protocols.[1][3]
Fairblock is positioned to lead dynamic confidentiality as onchain finance matures, with expansions into AI inference, more testnet apps, and deeper ecosystem integrations like Arbitrum or Hyperliquid.[3] Trends like multimodal crypto adoption and ZK/FHE convergence will accelerate its momentum, potentially scaling FairyRing to mainnet amid growing demand for intermediary-free privacy.[1][3] Its influence may evolve from infrastructure provider to ecosystem orchestrator, enabling "HTTPS for blockchains" and reshaping trust in decentralized apps—building on its Waterloo roots to protect users in an increasingly transparent web3 world.[2]
Fairblock has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in October 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2023 | $3.0M Seed | AirAngels, Andreessen Horowitz, Archetype, Ascender Ventures, Audacity, Awesome People Ventures, Battery Ventures, Blockchain Capital, Chapter One Ventures, CoinFund, Divergence Ventures, Electric Ant, Electric Capital, Ethereal Ventures, Future Perfect Ventures, Hack VC, Hashed, Infinity Ventures Crypto, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Nascent, Not Boring Capital, Robot Ventures, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, Todd and Rahul's Angel Fund, Version One Ventures, Weekend Fund, WPP Ventures, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Balaji Srinivasan, Ben Perszyk, Biz Stone, Bo Shao, Brad Holden, David Nage, Do Kwon, Eric Wu, Imran Khan, Jeff Morris, Jess Sloss, Luis Cuende, Nathaniel Whittemore, Regan Bozman, Rene Reinsberg, Scott Belsky, Sina Habibi, Siqi Chen, Stani Kulechov, Steve Weinstein, Tegan Kline, Trevor McFedries, Tyler Scott Ward |