Zcash devs raise $25M from major VCs months after ECC split

Zcash developers secured $25 million in funding from major venture capitalists following their split from the Electric Coin Company (ECC). The funding news drove ZEC token up 4.1% to $217.80, with 24-hour gains reaching 9.8%.

• →Zcash developers raised $25 million from major VCs after separating from Electric Coin Company
• →ZEC token price increased 4.1% to $217.80 following the funding announcement
• →The token has gained 9.8% over the past 24 hours
• →The funding round demonstrates continued institutional interest in privacy-focused cryptocurrencies
• →The development team's independence from ECC appears to be attracting significant venture capital support