Alibaba's Ant Financial and US Insurance Giant Invest In Israeli Blockchain Startup QEDIT

Chinese e-commerce giant Alibaba’s affiliate company, Ant Financial, is among those to have participated in QEDIT’s $10 million series A investment round. QEDIT, an Israeli blockchain technology startup specializing in zero-knowledge proofs (ZKP), plans to use the new capital to continue developing its privacy protocol, expand its sales team, and attract new partners.

Announced on Tuesday in a blog post, Ant Financial invested in QEDIT’s series A round alongside lead investor MizMaa Ventures, as well as Reinsurance Group of America accelerator (RGAX), Meron Capital, Collider Ventures, Target Global, and venture capital firm Jonovo.

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