HOPR secures $1 million in a seed round


HOPR is a Web3 data privacy-protecting pioneer founded by two co-founders of fintech start-up Sonect. Following the launch in May, HOPR has closed an investment round of $1 million led by Binance Labs, which participated as a strategic investor. The funds will be used for further technology development and expanding the team.



Founded by Sebastian Bürgel and Rik Krieger, HOPR provides the tools and framework for the Web3 ecosystem, ensuring everyone has control of their privacy, data, and identity as they navigate online. The HOPR protocol provides network-level and metadata privacy for every kind of data exchange. Its protocol introduces the first-ever open incentivized mixnet, where anyone can earn tokens for staking and running nodes while providing privacy for Web3.

With a token sale ahead, HOPR has received fresh capital as part of a seed round led by Binance Labs, the venture arm of Binance, the world’s leading blockchain and cryptocurrency infrastructure provider. Binance Labs joined the round as a strategic investor. Further participants include Focus Labs, Spark Digital Capital, and Caballeros Capital. The funds will allow the team to recruit additional team members while continuing to develop new technology.

“As Web 2.0 showed that companies and corporations are in control of a user’s information and data, the team at HOPR has shown us how their decentralized network achieves privacy guarantees on the metadata level and gives power back to the people,” said Gin Chao, Binance Strategy Officer. “We’re very excited to lead this investment round in HOPR, and support a talented and experienced team.”

“The movement to decentralize finance, data and the web needs a new privacy foundation. With HOPR we are building a layer-0 privacy infrastructure for Web3 that makes it safe and secure to transmit information,” said Sebastian Bürgel, Co-Founder of HOPR. “We’re honoured to have such a tremendous group of investors.”

(Press release/RAN)