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Blockstream Raises $55M in 2nd Round Led by Horizons, AXA, Digital Garage

Blockstream has raised $55 million in Series A funding led by Horizons Ventures, AXA Strategic Ventures, and Digital Garage, bringing total investment in the company to $76 million.

The additional funding will be used to further enhance Blockstream’s sidechain technology, expand its operations globally, and support new industry partnerships

The investors participating in this latest round, including existing ones from its $21 million seed round in 2014, are AME Cloud Ventures, Blockchain Capital, Future\Perfect Ventures, Khosla Ventures, Mosaic Ventures, and Seven Seas Venture Partners. As part of the round, Frances Kang from Horizons has joined our Board of Directors.

Read more on MERKLETREE.NET

Journalist, policy analyst, and evangelist of new, disruptive technologies including big data analytics, Internet of Things, and cryptocurrencies. Internet industry veteran with regional c-suite experience, and journalist credentials earned at internet.com, Internet World magazine, and Mecklermedia Corporation.
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