Ola, a privacy-focused Web3 startup, completed a $3 million seed round, co-led by Web3.com Ventures and Foresight Ventures, with participation from Token Metrics Ventures, LD Capital, and CatcherVC. Ola uses a hybrid zero-knowledge rollup called "ZK-ZKVM" that aims to provide optional privacy to the crypto industry. Ola is currently closed to the public. The company plans to launch a beta testnet in the third quarter and release a public testnet by the end of 2023.