BlockApps secures series A funding to grow blockchain for industry business networks

BlockApps, a New York-based startup, has announced the successful completion of its series A funding round to focus its mission on providing an enterprise-grade blockchain platform.

The funding round was led by Fitz Gate Ventures, with participation from Elliptic Curve Ventures, Bloccelerate, Fenbushi Capital and Galaxy Digital Ventures, as well as a follow-on investment from ConsenSys.

BlockApps aims to help industries create blockchain-based business networks. The...

AE Ventures’ Starfleet accelerator hits $1.6 million mark with Malta expansion to come

AE Ventures, an investment firm supporting blockchain projects, has announced its investments in startups have reached $1.5 million – and is looking for more firms to bootstrap.

The company has been investing in blockchain-based startups since its launch in 2018. The firm also announced it is accepting applications for the third edition of its Starfleet Accelerator program that offers members mentorship and investment opportunities up to $100,000 (£81,299).

The third...

Warner Music joins investment round in Dapper Labs – reports

Warner Music Group has joined an $11 million (£9m) investment round in Canadian blockchain specialist Dapper Labs, known for developing viral blockchain game CryptoKitties, according to reports.

As reported by Forbes, this investment will be used to complete and deploy Flow -- a public blockchain similar to Ethereum.

Last year, Warner Music generated more than £3 billion in revenue from projects including partnerships negotiated by the company’s SVP of business...

DappRadar raises $2.3 million in seed round for decentralised app directory

DappRadar, a Lithuanian firm that lists the most popular decentralised applications (dapps), recently secured $2.3 million (£1.89m) in a seed funding round led by South African multinational media and internet group Naspers.

The funding round, led through Naspers Ventures, was also accompanied by Blockchain.com Ventures and Angel Invest Berlin.

DappRadar will be using the accumulated funds mainly for R&D, developing new functionality to help the business expand...

Binance Labs helps Dapix raise $5.7 million in series A funding round

Colorado-based blockchain firm Dapix has raised $5.7 million (£4.63m) in a recently held series A funding round led by Binance Labs.

Dapix, which empowers the blockchain ecosystem with revolutionary inter-wallet usability, was responsible at the initial development stage of the FIO Protocol, which is an industry-based, decentralised service layer that improves usability across every blockchain, token or coin. In due course, the Protocol would be guided by the Foundation for...

Global blockchain revenues to near $10bn by 2023 despite crypto winter, says ABI Research

A new market report from ABI Research argues global revenues for blockchain are on track to hit almost $10 billion (£8.2bn) by 2023 – defying the gloomiest proclamations of 2018’s crypto winter.

The estimated revenue increase continues to show a strong demand for blockchain applications even though there was a major decline in ICOs in 2018. Organisations are continuously making investments to further the development of the blockchain infrastructure mainly via VC funding....

Crypto futures exchange CoinFlex raises £8.1m via fundraising

Hong Kong-based cryptocurrency futures exchange CoinFlex has received £8.1m through a funding round that closed in the second last week of August 2019.

As reported by the South China Morning Post, Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency participated in the fundraising for CoinFlex.

Polychain Capital and Digital Currency Group joined CoinFlex’s investment consortium in March...

Overstock CEO resigns amid ‘deep state’ diatribe, still insists on blockchain revolution

The chief executive at blockchain-advocating internet retailer Overstock has announced his resignation from the company, 10 days after issuing a press release which made reference to the ‘deep state’.

Patrick M. Byrne, who founded the company in 1999, said in a statement that “while I believe that I did what was necessary for the good of the [US], for the good of the firm, I am in the sad position of having to sever ties with Overstock, both as CEO and board...

Blockchain CRM solution provider Cere Network secures $3.5m in seed funding

Blockchain customer relationship management (CRM) solution provider Cere Network has secured $3.5 million (£3m) in a recent seed funding round.

Major investors including Binance Labs, the venture arm of cryptocurrency exchange Binance, participated in the fundraising event. Other investors are Neo Global Capital, Fenbushi Capital, Arrington XRP Capital, and Block VC among others.

The company aims to disrupt the CRM space, one of the most competitive categories with a...

Why it’s easy for blockchain startups to get initial funding – but harder to cross the series A chasm

A total of $23.7 billion has been invested into blockchain startups since 2013 - but how is this money being used, and is it affecting these companies' moves to profitable business models?

A new report from Outlier Ventures (Slideshare) has explored the various funnels of funding and how startups involved in blockchain technologies are competing in the wider ecosystem.

According to the Outlier report, three quarters of all venture capital (VC) deals are at the pre-seed,...