Blockchain Startup Blockstream Raises $55 Million
Today we learnt that blockchain technology company, Blockstream, had closed on a $55 million financing round that sees its total raised capital reach $76 million – a great achievement for a company in such a nascent (in the grand scheme of things) space. Three organizations led the round, Horizons Ventures, AXA Strategic Ventures, and Digital Garage, a number of the company’s current investors upped their exposure with additional allocation, including AME Cloud Ventures, Blockchain Capital and Seven Seas Venture Partners. For those not familiar with the company, Blockstream’s remit....
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Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio On Monday, the blockchain company Immutable revealed it raised $200 million from investors in a Series C funding round. The financing was led by Temasek alongside other participants including Tencent, Animoca Brands,....
Bitcoin infrastructure firm Blockstream is now valued at $3.2 billion after a $210 million Series B raise.
Blockstream has officially announced $21m in seed funding to continue the development of its much-anticipated blockchain technology proposal, 'sidechains'. Announced on the Blockstream website, the round was led by LinkedIn co-founder and Airbnb board member Reid Hoffman. Khosla Ventures, which has previously invested in bitcoin API developer Chain; and Canada-based seed fund Real Ventures. In total, Blockstream indicated 40 investors took part in the round. Blockstream CEO Austin Hill positioned the funding as proof that the wider tech industry is increasingly acknowledging the disruptive....
Blockstream to leverage blockchain technology to develop the Sidechain. In another case of billionaires betting big on Bitcoin and the blockchain technology, a number of technology entrepreneurs have come together to work on a Bitcoin project. The group of entrepreneurs who have previously worked with companies such as LinkedIn, Sun Microsystems and Yahoo have so far contributed a total of US$ 21 million to Blockstream. Also read: SEC Form Shows Bitcoin Technology Company Blockstream Already Has Millions in Funding. The Blockchain - Difficult to Corrupt. Blockstream aims to enhance the....
Bitcoin startup Blockstream has a new CEO. The company said today that its first CEO, Austin Hill, is formally stepping aside, with current president Adam Back being appointed to the role. As part of Hill's exit from the firm, he has also stepped down from the board. Blockstream said that Hill was leaving the company to "pursue other opportunities". Back, a noted cryptographer who is one of the startup's founders, said in a statement: "I am honored to take on the CEO position at this important phase in the company’s growth and am excited about leading Blockstream to its full....