‘The Holy Grail of Cryptography’: Fhenix Raises $15 Million

2 minute read | July.01.2024

Fhenix, a startup offering the first confidential blockchain powered by fully homomorphic encryption, has raised $15 million from investors.

Fully homomorphic encryption (FHE) is a cutting-edge encryption scheme that enables the computation of encrypted data without ever needing to decrypt it.

“We’ve spent years in the cryptographic and blockchain space researching the ideal solution to this problem and we came out the other end with a strong conviction that FHE is the answer,” the Company said.

Hack VC, Amber Group, Collider, Primitive Ventures, GSR, Stake Capital and others led the most recent funding round, the Company said.  Orrick advised Fhenix on this and other financings.


Joseph Perkins led an Orrick team advising Fhenix. The team also included Andrew Wallach, Andres Yarto, and Erica Kaiser.