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§ Private Profile · Newark, CA, USA
TransCrypts is a technology company.
TransCrypts provides a blockchain-powered platform automating the issuance and verification of employment and income documents. Its core product enables individuals to own and control their verified credentials, facilitating secure, instant, and compliance-ready data sharing. The company leverages distributed ledger technology to ensure data integrity and enhance user autonomy over personal employment information.
Founded in 2020, TransCrypts originated from the need to address inefficiencies and security gaps in traditional employment and income verification processes. The company’s insight focused on empowering individuals with direct ownership and control over their verified employment data. This approach seeks to build a streamlined, trustworthy system for managing and sharing personal credentials.
The platform serves human resource departments and organizations seeking efficient, compliant background checks and employment verification. It also empowers individual consumers with direct control and secure sharing of their employment records. TransCrypts envisions establishing a universally secure and user-centric ecosystem for personal credentials, fundamentally modernizing how employment data is managed.
TransCrypts has raised $20.4M across 4 funding rounds.
TransCrypts has raised $20.4M in total across 4 funding rounds.
TransCrypts is a blockchain-based platform specializing in secure, self-sovereign verification of employment, income, and official documents, enabling individuals and businesses to own and share personal data instantly and compliantly.[1][2][5] Founded in 2020 and headquartered in Knightsen, California, the company serves HR, data management, healthcare, defense, and supply chain sectors by automating verification processes, reducing manual efforts, and generating around $5 million in annual revenue as of recent reports.[1][5] With $21.81M raised—including a $15M seed round and an $18.85M unattributed round just 10 days ago—TransCrypts shows strong growth momentum, evidenced by a +73 Mosaic Score increase, accelerator acceptances, and expansions into medical and academic records.[1][4]
TransCrypts was founded in 2020 by CEO Zain Zaidi, who opted out of grad school to launch the startup, driven by the vision of empowering individuals with "self-sovereignty" over their identity data on-chain.[1] Zaidi, associated with the University of Toronto Entrepreneurship ecosystem, identified the pain of unverifiable personal data in consumer and business contexts, starting with employment and income verification.[1][2] Early traction included winning CoinDesk’s Pitchfest at Consensus Hong Kong, securing $5,000 in tokens and coaching, while the company quickly scaled to $5M in revenue and recent major funding rounds.[1]
TransCrypts rides the wave of self-sovereign identity (SSI) and blockchain adoption in digital verification, addressing rising demands for privacy amid data breaches and regulatory pressures like GDPR/CCPA.[1][5] Timing aligns with enterprise blockchain maturation and AI integrations (e.g., GenAI in wealth management, Vertex AI support), fueled by market forces like remote work's verification needs and sectors like defense/supply chains seeking tamper-proof data.[3][5] It influences the ecosystem by enabling data ownership, reducing fraud in HR/finance, and inspiring accelerators—shaping a shift from centralized databases to decentralized, user-controlled credentials.[2][6]
TransCrypts is poised for explosive growth, leveraging recent $18.85M funding to scale experimental solutions in healthcare/defense and AI-enhanced platforms like Castello AI.[1][5] Trends like decentralized identity standards (e.g., DID protocols), regulatory tailwinds for secure data sharing, and blockchain's enterprise push will propel it, potentially dominating verification markets as adoption hits critical mass. Its influence may evolve from niche startup to ecosystem leader, empowering billions with owned identities—echoing Zaidi's founding conviction that unverified data erodes personal sovereignty.[1]
TransCrypts has raised $20.4M across 4 funding rounds. Most recently, it raised $15.0M Seed in October 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2025 | $15M Seed | Franklin BI | Alchemy Ventures, Alumni Ventures, Jenny Fielding, Scott Hartley, SeedInvest, TWO Ravens VC, Y Combinator, Mark Cuban, Tomer London, Alpha Edison, Bascom Ventures, Apertu Capital, Asymmetry Ventures, Atland Ventures, California Innovation Fund, Informed Ventures, Lightspeed Faction, Motley Fool Ventures, Protocol Labs, Techstars | Announced |
| Apr 1, 2023 | $1M Seed | — | Alchemy Ventures, Alumni Ventures, Jenny Fielding, Scott Hartley, SeedInvest, TWO Ravens VC, Mark Cuban | Announced |
| Jan 23, 2023 | $2.4M Pre Seed | Mark Cuban, Protocol Labs | Alumni Ventures, Asymmetry Ventures, Atland Ventures, Decentralized VC, Global Millennial Capital, ONE Piece Labs, Techstars, The Fund, Underdog Labs | Announced |
| Apr 1, 2022 | $2M Seed | — | Browder Capital, Goodwater Capital, Helium 3 Ventures, Pareto Holdings, SeedInvest, Cory Levy, Alchemy Ventures, Alumni Ventures, Jenny Fielding, Mark Cuban, Scott Hartley, TWO Ravens VC, Y Combinator | Announced |
TransCrypts has raised $20.4M in total across 4 funding rounds.
TransCrypts's investors include Franklin Bi, Alchemy Ventures, Alumni Ventures, Jenny Fielding, Scott Hartley, SeedInvest, Two Ravens VC, Y Combinator, Mark Cuban, Tomer London, Alpha Edison, Apertu Capital.