Major Funding Round for Stratumn
In a significant move for the blockchain landscape, Stratumn has successfully raised €7 million (or about $7.82 million) in a funding round. This Series A investment marks what the startup claims to be the “largest” funding close ever in the European blockchain sector. With a lineup of illustrious backers like Nasdaq and Digital Currency Group (DCG), Stratumn is certainly making headlines.
Empowering Growth and Innovation
Stratumn, founded in 2015, expresses enthusiasm about the new investments, citing that they will help the company advance its business development while addressing the increasing demands of its markets. CEO Richard Caetano emphasized the thrill of welcoming high-profile investors:
“Our new investors will enable Stratumn to continue and accelerate its development,”
highlighting the expected positive impact on the company’s trajectory.
Building Strategic Partnerships
Citing support from existing investor Otium Venture, Caetano also mentioned the benefits that new investors like CNP Assurances, Nasdaq, and DCG will bring, particularly in the insurance and capital markets sectors. This development will likely enhance Stratumn’s visibility and efficiency in those industries.
A Warm Welcome from Barry Silbert
DCG’s head, Barry Silbert, was particularly welcoming of Stratumn into the DCG “family” of projects. He added insight on the startup’s core innovation:
“Stratumn’s Proof of Process Technology solves critical challenges around verifying and auditing the integrity of data used to make critical business decisions.”
This underscores the essential role Stratumn is poised to play in the blockchain realm—making solid data credibility crucial for businesses.
Market Trends Affecting Blockchain Investments
While the buzz surrounding Stratumn continues, it’s noteworthy to mention Grayscale Investments’ Bitcoin exchange-traded fund, known as GBTC, which has recently started trading at substantial premiums. As crypto commentator Tuur Demeester pointed out, it indicates a growing interest in cryptocurrency investments as the price per Bitcoin hovers around $5,220— an impressive 85% premium over the net asset value. This trend underscores the vibrant and dynamic nature of blockchain investments today.
