According to TechFlow, Ethereum L2 Fhenix announced the completion of a $15 million Series A financing round led by Hack VC, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures and Stake Capital. As of now, the company's total financing has reached $22 million.

Fhenix has announced the launch of its open test network Helium (originally planned to be named Renaissance), which allows developers to deploy "confidential" smart contracts on the Fhenix Layer 2 network. The Fhenix mainnet is expected to be launched in the first quarter of next year.

Earlier in September 2023, it was reported that the fully homomorphic encryption blockchain Fhenix completed a US$7 million seed round of financing, led by Multicoin Capital and others.