October 27, 2020

HTC Invests $ 3 Million in Bitmark Blockchain Startup

HTC Invests $ 3 Million in Bitmark Blockchain Startup

Consumer electronics giant HTC has spearheaded a $ 3 million A-Series financing round. Among the others well-known participants who invested in the startup Bitmark - Alibaba WI Harper and Digital Currency Group.

The funds received will be directed tosales promotion and development of the company's marketing strategy. Bitmark, a digital property rights start-up, claims that since its launch in 2016, more than 1 million digital objects have been registered in the system.

Bitmark significantly expands the blockchain technology perspective by providing ownership of any digital assets, said Phil Chen, CTO of HTC.

Data recorded on the Bitmark blockchain cansell, lend or trade. In 2018, the startup entered into a partnership agreement with KKFARM, an investment company specializing in the music industry, in the field of the provision of royalties.

In 2017, the company entered into partnerships.with the University of California at Berkeley to collect health data collectively, while respecting HIPAA and IRB regulatory requirements for patient confidentiality.

In the same year, Bitmark raised $ 1.7 million in initial financing, led by venture capital firm Cherubic Ventures.