September 27, 2020

Blockchain.com wants to raise $ 50 million for investments in blockchain startups

Blockchain.com wants to raise $ 50 million for investments in blockchain startups

Blockchain.com, one of the most popular custodial service providers, plans to attract investments of $ 50 million and invest this money in blockchain startups. The project is led by Sam Harrison, who moved to the company from Naspers Ventures in July 2018.

In his LinkedIn account Harrisonpublished a post stating that he is a co-founder of a venture capital fund called Blockchain.com Ventures. According to him, the fund has already invested in four crypto companies: Origin Protocol, Coindirect, Sliver.tv and Nodle. Blockchain employees are currently negotiating with investors to receive additional funding.

Blockchain is a leader inEuropean cryptocurrency market. The company has developed a web wallet for storing digital assets, launched a virtual currency conversion service and sells data on the crypto industry. The launch of a venture capital fund will expand the company's capabilities. Such projects have been successfully implemented by large enterprises such as Google, Salesforce and Microsoft.

Previously, the company attracted investments duringtwo stages of financing (Series A and Series B): in 2014 ($ 30.5 million) and in 2017 ($ 40 million). Last year, the platform hosted Airdrop Stellar Tokens (XLM) worth $ 125 million. Each identified Blockchain client could receive $ 25 XLM.