BlockApps, a New York-based provider of an enterprise blockchain, raised $41M in funding.
The round was led by Liberty City Ventures, with participation from new investors Morgan Creek Digital, Eidetic Ventures, Givic, ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital, and PropelX. Liberty City Ventures and Morgan Creek Digital will each appoint a representative to join BlockApps’ Board of Directors.
The company intends to use the funds to:
- accelerate its go-to-market strategy,
- grow its development team,
- drive innovation through its permissioned blockchain ecosystem of businesses from Fortune 500 companies to start-ups,
- expand its partner program, and
- bring in more real assets to STRATO, its enterprise blockchain.
Led by CEO Kieren James-Lubin, BlokApps is an enterprise blockchain company that develops industry applications and its own blockchain platform (STRATO). These solutions create traceability across enterprise value chains and provide effective ownership and transaction mechanisms for customers engaged in Web3Commerce for B2B.
Customers include Fortune 500 companies such as Bayer Crop Science (the world’s largest seed company), Blockchain for Energy (a consortium of the world’s largest energy companies including Repsol, Chevron, ExxonMobil, Schlumberger, and more), and the U.S. government. BlockApps has launched several industry initiatives, including TraceHarvest (agribusiness traceability), TraceCarbon (sustainability tracking), and the Enterprise Ethereum Alliance (the world’s largest open standards blockchain organization).
FinSMEs
19/04/2022