BlockCypher raises USD 3.1 mln in funding

Monday 19 January 2015 09:59 CET | News

Cryptocurrency platform BlockCypher has raised USD 3.1 million in its first round of financing.

Bitcoin’s collapse may have little impact on BlockCypher, since the company’s technology works for any cryptocurrency.

In its first applications the company focused on a way to reduce the transaction time for processing a Bitcoin with a predictive tool to determine whether the blockchain would approve a transaction.

Among the investors there are companies like Coinalytics, which is building analytics and insight into what’s happening on the bitcoin blockchain, the Singaporean exchange CoinHako or Palarin, a remittance company from the Philippines.

Other investors in the round include Foundation Capital, New Enterprise Associates, Jerry Yang (through AME Cloud Ventures), Upside Partnership, Streamlined Ventures and Fenox Venture.

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Keywords: BlockCypher, cryptocurrency, blockchain, online payments, chain transactions, online transactions
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3