The enterprise-focused infrastructure blockchain startup BlockApps has raised $41 million. The round was led by Liberty City Ventures.
Ethereum-focused BlockApps raised $41 million to expand into enterprise blockchain https://t.co/PXnqIbcbCM by @jacqmelinek
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Its participants include new investors — Morgan Creek Digital, Eidetic Ventures and Givic. The round saw backing from ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital and PropelX.
As a result of the round, representatives from Morgan Creek Digital and Liberty City Ventures will join BlockApps’ board of directors.
BlockApps will use the funds to expand its partner programme and attract new customers.
According to BlockApps CEO Kirena James-Lyubina, the round brought the startup’s total capital raised to $50 million. He did not disclose the company’s valuation.
The company’s business is built around its own platform, ‘blockchain-as-a-service’ STRATO, compatible with Ethereum.
Earlier in February, the infrastructure blockchain platform Alchemy raised $200 million at a valuation of $10.2 billion.