CipherOwl, a crypto compliance startup, raised $15 million in seed funding from Coinbase Ventures and others.

Techub News, according to Fortune, encryption compliance startup CipherOwl has completed a $15 million seed funding round. The round was led by General Catalyst and Flourish Ventures, with participation from investors including Coinbase Ventures and Enlight Capital. CipherOwl's two founders, Ming Jiang and Leo Liang, previously worked at Coinbase, where they focused on developing compliance software for the cryptocurrency exchange. Currently, CipherOwl has only eight employees.