Identity Startup Cambridge Blockchain Finishes $2 Million Fundraise
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....
Related News
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....
A Cambridge, Massachusetts-based company developing identity solutions for blockchain-based systems won $15,000 at a startup competition hosted by the venture arm of Spanish banking group Banco Santander yesterday. Announced in November, the Distributed Ledger Challenge was organized by Santander InnoVentures, the $100m FinTech venture fund created by Banco Santander in 2014, and Onevest, a venture capital network based in New York. The Amazon Web Services Pop-up Lofts, a working space located in Manhattan, hosted the event. Cambridge Blockchain, which won the event, was one of five....
The $2 million funding that Cambridge Blockchain LLC closed from leading technology investors Partech Ventures and Digital Currency Group is a validation of its position in the blockchain-based digital identity space particularly in a promising market like Europe, according to its CEO Matthew Commons. Not just cash. Stating in an email to CoinTelegraph on the fund which will be used to accelerate deployments of his company’s digital identity enterprise software for financial institutions, Matthew Commons says: “The importance of the fundraising goes well beyond simply "getting cash in....
A Luxembourg-based trust services provider is teaming up with the Blockchain identity startup Cambridge Blockchain to launch a dedicated platform for the European Union. LuxTrust, which provides digital identity solutions to businesses and government, will develop an entirely separate platform using the Blockchain. “Working with Cambridge Blockchain allows us to augment the scope of provided identities, including attributes for new sectors and businesses and will enable users to share personal data fully respecting the increasingly stringent European regulatory framework,” CEO Pascal....
Blockchain-based startup ShoCard has raised $1.5 million to fund the development of its digital identity card, the Tech Crunch reported. Debuted in May this year, the startup plans to verify and store identity records into the blockchain, a technology that currently runs the disruptive digital currency Bitcoin. In its ideal scenario, ShoCard has hoped to eliminate the need to carry paper documents for identity verifications, a reason why venture capitalists like Morado Ventures Partners, AME Cloud Ventures, Enspire Capital and Digital Currency Group have come forward to fund it. "A lot of....