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Enterprise-focused blockchain infrastructure startup BlockApps has raised $41 million in a funding round led by Liberty City Ventures. Ethereum-focused BlockApps raises $41M to expand to enterprise blockchain https://t.co/PXnqIbcbCM
Enterprise-focused blockchain infrastructure startup BlockApps has raised $41 million in a funding round led by Liberty City Ventures.
Ethereum-focused BlockApps raises $41M to expand to enterprise blockchain https://t.co/PXnqIbcbCM @jacqmelinek
— TechCrunch (@TechCrunch) 19 April 2022
Its participants were new investors – Morgan Creek Digital, Eidetic Ventures and Givic. Increased investments in the company include ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital and PropelX.
As a result of the tour, representatives of Morgan Creek Digital and Liberty City Ventures will join the venture’s board of directors.
BlockApps will use the funds to expand its affiliate program and attract new customers.
According to BlockApps CEO Kieren James-Lubin, the round raises the venture’s raised capital to $50 million and did not disclose the firm’s valuation.
The company’s business is built around STRATO, its own blockchain-as-a-service platform, compatible with Ethereum.
Recall that in February, infrastructure blockchain platform Alchemy raised $200 million at a valuation of $10.2 billion.
Source: Fork Log
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