French investment bank leads $9.5m funding round for Arianee blockchain project

The Arianee blockchain project, developing technology to verify the authenticity of luxury goods, raised $9.5 million. The seed round of financing was led by the French national investment bank [simple_tooltip content=’joint venture of the government agency EPIC BPI-Groupe and the French state bank Caisse des Dépots et Consignations’]Bpifrance[/simple_tooltip].

We’re excited to announce our funding of €8 million with the contribution of leading French investors in the tech and blockchain industries!
This funding confirms the vision and relevance of Arianee’s model. https://t.co/U3lIEsA0eB #blockchain #frenchtech

— Arianee (@ArianeeProject) March 11, 2021

ISAI, Cygni Labs, Noia Capital and a group of French tech entrepreneurs also participated in the round. The funds will be used to create [simple_tooltip content=’a service model in which subscribers are provided with ready-made software fully managed by the provider’]SaaS[/simple_tooltip]-tools.

According to Arianee co-founder Loïc Jodet, all investors will gain access to the ARIA20 token in addition to equity.

According to the press release, Arianee uses proprietary technology to verify the authenticity of luxury goods via blockchain watermarks, digital passports and non-fungible tokens (NFTs).

In March, the NFT marketplace Curio attracted $1.2 million in seed investments in a round led by Future Perfect Ventures.

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