ZAP Raises $15M to Democratize Access to Early-Stage Investments

Founded in November 2023, ZAP offers a reputation-powered token distribution protocol, featuring a questing and airdrops protocol, a no-code token launcher, and curated launches via ZAP Labs.

Airdrop and launchpad platform ZAP has raised $15 million in a funding round co-led by Rarestone Ventures, Cypher Capital and Sharding Capital.

The fundraising, which values ZAP at $100 million, includes a $900,000 seed round, a $2.1 million private round and $12.1 million from an ongoing vault sale, ZAP's pseudonymous CEO Francis told The Block.

Presto Labs and Auros Global also participated in the round, while angel investors included Tradermayne, Bagsy, Luca Netz and Chelsea Jiang, according to a post on ZAP's X account.

The fresh capital will be used to continue developing innovations that solve key issues in the airdrop and launchpad space, according to an announcement. Some of the capital will also be used to expand into new geo-locations as ZAP broadens its reach into new blockchain ecosystems, starting with Base.

"These new developments, and our ongoing ones, all serve to further our vision of democratising access to early-stage investments, creating a fairer crypto space, and ensuring that all participants can engage on a level playing field," ZAP said.

Founded in November 2023, ZAP describes itself as a reputation-powered token distribution protocol that spans a questing and airdrops protocol, a no-code token launcher and curated launches via ZAP Labs.

The no-code token launcher and token launchpad give users access to venture-backed projects, offering them more ways to maximise their on-chain activity.