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Factom gets USD 8 million funds to further deploy blockchain tech

Wednesday 19 April 2017 | 10:23 AM CET

Factom, a blockchain startup, has finished raising just over USD 8 million as part of an extended Series A round.

Harvest Equity and Peeli Ventures, along with several as-yet-unnamed local investors have taken part in the round. Previously, the company – which uses its own blockchain network to verify the integrity of data – had raised USD 1.1m in a crowdsale conducted in mid-2015, before going on to raise about USD 400,000 in seed funding later that year.

In recent months, the company has moved to launch a new mortgage-focused product, dubbed Harmony.

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