TransCrypts, a Toronto, Canada-based blockchain digital identity and credential verification platform, has raised $15 million USD in Seed funding.
Investors
The round was led by Pantera Capital, with participation from Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund, Tomer London (angel), and existing investors including Mark Cuban, Techstars, Alumni Ventures, Protocol Labs, Apertu Capital, Informed Ventures, Asymmetry Ventures, and The Atland Fund.
Pantera Capital is a venture capital and hedge fund firm specializing in digital assets, primarily cryptocurrencies and blockchain technology. Founded in 2003, the firm initially focused on global macro trading before pivoting to cryptocurrency investments in 2013. It is headquartered in Menlo Park, California, with additional offices in New York and Puerto Rico.
TransCrypts Use of Funds
The funding will be used to expand beyond employment credentials into health and educational records, scale its enterprise and user base, achieve compliance with privacy and security standards, and grow its team, including support for the new Toronto co-headquarters.
About TransCrypts
Founded in 2020 by Zain Zaidi and Ali Zaheer, TransCrypts provides background check and employment verification solutions using a centralized, automated platform. It leverages blockchain and cryptographic technologies to automate compliance and return ownership of verified records to individuals. With co-headquarters in Toronto and San Francisco, TransCrypts’s mission is to give people true ownership of their identity and credentials in an era where fraud, deepfakes, and data breaches are escalating. The platform serves a user base exceeding 4 million and over 450 enterprise customers, including Fortune 100 and 500 companies.
Funding Details
Company: TransCrypts
Raised: $15.0M
Round: Seed
Funding Date: October 2025
Lead Investor: Pantera Capital
Additional Investors: Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund, Tomer London, Mark Cuban, Techstars, Alumni Ventures, Protocol Labs, Apertu Capital, Informed Ventures, Asymmetry Ventures, The Atland Fund
Company Website: https://www.transcrypts.com/
Software Category: Blockchain / Digital Identity / Credential Verification
Source: https://www.newswire.ca/news-releases/canadian-startup-transcrypts-raises-20m-cdn-seed-round-to-combat-ai-fraud-and-redefine-digital-identity-verification-877259108.html