Factom Raises $4.2 Million in Series A Investment from Draper Associates
Factom, the blockchain data management platform has raised $4.2 million as part of the Series A fundraising round. The leading blockchain based data management solutions provider, Factom has received another round of funding. The platform has announced the successful closure of its Series A fundraising round totaling $4.2 million in its latest press release. According to the company, the Series A fundraising round was led by Tim Draper of Draper Associates, a well-known investor in the tech circles. In a press statement, the co-founder and CEO of Factom Inc., Peter Kirby has expressed his....
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Factom, a startup that developers solutions that leverages the bitcoin blockchain has raised $4.2 million in a new round of funding led by Tim Draper of Draper Associates. Factom Inc., a blockchain technology company that has previously revealed major projects such as creating land titles via the bitcoin blockchain in Honduras, has announced a Series A round of equity funding for $4.2 million. Led by Tim Draper of Draper Associates, the funding round will further help in bringing in new personnel and in the development of Factom software that leverages the bitcoin blockchain for real-world....
Blockchain startup Factom has raised $4.2m in new funding to build a series of unnamed new products for its blockchain data network. The Austin, Texas-based company that lets users verify data using its Factom blockchain, fresh off winning a $200,000 grant from the US Department of Homeland Securities, now plans to scale with a series of hires to be announced over the coming months. Factom co-founder and CEO Peter Kirby said the Series A round, led by venture capitalist Tim Draper, will also be used to further develop its core technology and suite of products. Kirby told CoinDesk: "We....
Factom Inc, the for-profit entity seeking to facilitate commercial business conducted on blockchain recordkeeping project Factom, has raised $400,000 in new seed funding. The investment was provided by Kuala Innovations, which purchased a 3.64% stake in the company for 400,000 Seed Series Shares at $1 per share. According to a statement by Kuala, the investment gives Factom Inc a pre-money valuation of $11m. In statements, Kuala co-chairman Jim Mellon stated that he believes Factom has the potential to "revolutionize" how companies process and store data, thereby solving "real commercial....
Draper Associates is backing the round for the Bangalore-based cryptocurrency exchange, with $3.5 million raised so far.
Blockchain startup Factom has secured yet another significant funding round from prominent Silicon Valley investors to grow its talent pool and exploit the potential of technology. The $4.2 mln funding round led by billionaire investor Tim Draper of Draper Associates will be allocated in “aggressively growing the company,” allowing its development team to discover a wider range of business problems that can be solved with the greater transparency and security measures of a Blockchain network. “We started Factom to build a more honest and transparent world using a pretty simple approach:....