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