Crypto compliance startup CipherOwl completes $15 million seed round, led by General Catalyst and Flourish Ventures

ChainCatcher news, CipherOwl, a crypto compliance startup founded by former employees of a certain exchange and Cruise, announced the completion of a $15 million seed round of financing. This round was led by venture capital firms General Catalyst and Flourish Ventures, with participation from a certain exchange Ventures and Enlight Capital.

CipherOwl focuses on providing cryptocurrency transaction monitoring software for banks and fintech companies, helping these institutions identify suspicious transactions and ensure compliance. The company was founded in 2024 by Leo Liang and Ming Jiang, who previously worked together at the autonomous vehicle startup Cruise and a certain crypto exchange.