Fluree announces seed extension funding round for blockchain-based data management

North Carolina-based database management firm Fluree has announced a seed extension funding round led by independent venture capital company Engage.

The latest investment, which follows a $4.7 million seed funding round in June, allows Fluree to expand its enterprise data management platform, which acts as the foundation for emerging online architectures that include AI, microservices, machine learning, the semantic web and consortium blockchains. The platform is used by tech...

CoolBitX secures $16.75m in series B funding to build out crypto infrastructure

Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex.

As CoolBitX has successfully raised funds, the company now intends to expand the presence of its Sygna product range beyond the Asia Pacific region. Sygna is CoolBitX’s first-to-market FATF-compliant...

Paystand raises $20m in series B funding in aim to become ‘Venmo for enterprise transactions’

California-based Paystand has raised $20 million in its latest series B funding round that will help the cloud-based PaaS payment network to expand its products and services.

The secured funds will also help the firm to expand sales, marketing, success, and engineering teams at its California and Mexico offices.

Paystand simplifies complex commercial transactions and payments for enterprises, with the company claiming it wants to do for enterprise transactions what...

Clear raises $13 million in series A funding for blockchain-based settlement and clearing

Clear Blockchain Technologies has announced $13 million raised in its series A funding round to further its mission to ‘transform B2B enterprise clearing and settlement’ through blockchain.

Founded in 2018, Clear aims at facilitating frictionless B2B commerce allowing enterprises to realise more value from their partnerships. It has developed a blockchain-based platform that helps enterprises automate contracts and data management, whereas guaranteeing control, security, and...

Ethereum Classic Labs commits $1 million with UNICEF for blockchain-based social impact

Ethereum Classic Labs (ETC Labs) has committed $1 million (£763,720) towards launching a key partnership with the UNICEF Innovation Fund.

Blockchain startups, working on social impact projects in emerging markets with support from UNICEF Innovation Fund will be selected to receive follow-on development funding from ETC Labs. Project teams will also get ETC Labs training and mentorship that will help expanding the availability and use of impactful blockchain applications that...

China blockchain investments fell sharply in 2019 – but hope for ‘healthier development’ ahead

China’s blockchain startups saw cumulative funding to the tune of just under $3.5 billion in 2019, according to a new report.

The study, from Xinhua Finance and Rhino Data, found that a total of 245 investments had taken place with a total figure of approximately 24 billion yuan ($3.48bn, £2.66bn). The volume of investments, as well as the money raised, represent a roughly 50% decrease from 2018. The report notes hope for healthier development in 2020 with more rational capital...

Lightnet receives $31.2m in series A funding for Asian blockchain financial mobility network

Thailand-based fintech firm Lightnet has raised $31.2 million (£23.9m) in a series A funding round led by UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities.

The raised funds will be used to fortify the company’s investment in the underlying blockchain technology on the Stellar Network, and to build a next-generation financial mobility...

Securrency raises $17.65m in series A funding to fuel blockchain and ETF mission

Washington D.C-based Securrency, a blockchain-powered financial services firm, has recently secured $17.65m in its series A funding round led by New York-based WisdomTree Investments as a strategic investor.

By investing and collaborating with Securrency, WisdomTree is planning to integrate its blockchain technology into the exchange-traded fund (ETF) ecosystem to bring the benefits of ETFs to a wider range of investors and improve the investor experience.

Abu Dhabi...

Figure Technologies closes $103 million series C round to boost blockchain for lending mission

Figure Technologies, a financial technology company announced that it has closed a $103 million (£78.3m) series C funding round led by Morgan Creek Digital and joined by MUFG Innovation Partners and other new and existing investors.

The company’s goal is to help stakeholders lend money through the use of blockchain technologies. Key products include Figure Home Equity Line, which aims to provide approval for a line of credit in as little as five minutes, as well as...

Fewer executives are talking about blockchain in earnings chat – but there’s no call for concern

According to recent analysis from market intelligence platform provider CB Insights, the use of the word 'blockchain' in executive earnings calls has dipped significantly in 2019. But don't expect it to be a terminal diagnosis.

The CB Insights figures, as reported by Crowdfund Insider, found a similar decline for the term 'cryptocurrency' and its associated brethren. At the beginning of 2018, executive mentions of blockchain topped 250 in the quarter, whereas the figure slips to...