Post-Trade Blockchain Startup in Limbo After Raising $10 Million
Sweden-based blockchain startup Cryex is pushing back against reports it is seeking capital to stay afloat, instead pinning its lack of outward momentum and low earnings on a slow regulatory environment. Rising to prominence in May 2015 with $10m in funding, Cryex was among the first startups to explore blockchain technology in post-trade, a proposition that attracted investors including White Star Capital and Northzone Ventures. In the time since, post-trade has become one of the hottest use cases for blockchain, with Goldman Sachs projecting it could save the industry billions annually....
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Blockchain identity startup Cambridge Blockchain has finished raising $2m in a funding round backed by VC firms Partech Ventures and Digital Currency Group. The investment comes just over a year after Cambridge Blockchain nabbed the top spot at a blockchain startup competition hosted by Banco Santander’s venture capital arm, which included a $15,000 prize. CoinDesk reported last week that the Massachusetts-based company was in the process of raising capital. In interview, CEO Matthew Commons said that the startup plans to use the funding to fuel ongoing technology pilots being conducted....
Juzhen Financials, a startup led by China UnionPay veteran Lilin Sun, has raised $23m (¥153m) to develop clearing and settlement solutions based on distributed ledger technology. The Series A funding was led by Wanxiang Holdings and included support from its blockchain-focused investment subsidiary Fenbushi Capital. The funding marks the largest investment round raised yet by an Asia-based blockchain startup, CoinDesk data reveals. As a result, the Shanghai-based startup becomes one of the best positioned blockchain firms to seek to collaborate with banking incumbents on solutions for....
Blockchain identity startup Cambridge Blockchain has raised more than $1.7m in new funding, public records show. According to a Form D published today by the US Securities and Exchange Commission, Cambridge Blockchain has raised $1,785,000 out of a total $2m, indicating that the startup's funding efforts are ongoing. Previous SEC filings show that the startup began raising funds in March 2016. The documents show that Cambridge Blockchain had raised $635k out of a planned fundraise of $1.5m as of that month, and in a filing from last October, the startup said it had raised $1.09m out of a....
PRESS RELEASE. Triall launches its main utility token TRL on Uniswap following a successful token pre-sale that raised more than 2 million USD. AMSTERDAM, Sept 28, 2021 – Blockchain startup Triall launched its main utility token TRL in an initial DEX offering (IDO) on Uniswap at 13:00 UTC today, after raising more than 2 million USD in its token pre-sale campaign. The company introduces a tokenized ecosystem that helps secure and streamline the development of new vaccines and medicines during clinical trials. As part of its launch, Triall also introduces a staking program powered....
Nick Szabo, a cryptographer who worked on an early bitcoin prototype, played a key role in developing smart contracts and has been suspected of being Satoshi Nakamoto, is now raising money for a bitcoin/blockchain startup, according to Quartz. Szabo is trying to raise $3 million, according to unnamed sources and a pitch deck that Quartz reviewed. One source said Fenbushi Capital, a China-based venture capital firm that has invested in blockchain ventures, has already committed $1 million in seed capital for the startup. A Crypto Pioneer. Szabo worked on DigiCash, an electronic currency....