{"id":35668,"date":"2021-02-01T13:46:56","date_gmt":"2021-02-01T11:46:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35668"},"modified":"2025-08-29T02:25:13","modified_gmt":"2025-08-28T23:25:13","slug":"shelf-network-raises-600000-in-bridge-financing-at-a-10-million-valuation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/shelf-network-raises-600000-in-bridge-financing-at-a-10-million-valuation\/","title":{"rendered":"Shelf.Network raises $600,000 in bridge financing at a $10 million valuation"},"content":{"rendered":"<p>The decentralized auction Shelf.Network secured bridge financing of $600 000 from an unnamed investor. ForkLog reported this to the company&#8217;s founder Lasha Antadze.<!--more--><\/p>\n<blockquote>\n<p>\u201cWe cannot disclose the investor&#8217;s name at this time, but it is a publicly listed Asian automotive company,\u201d he said.<\/p>\n<\/blockquote>\n<p>The funds will be used to develop and expand the range of services.<\/p>\n<p>The post-money valuation in the bridge round was $10 million.<\/p>\n<p>Founded in 2017, Shelf.Network is building a decentralized ecosystem for international secondary car sales.<\/p>\n<p>Previously the company has attracted funding from international investors and accelerators, including:<\/p>\n<ul>\n<li>$1.1 million from the Japanese IT giant Broadleaf;<\/li>\n<li>$1 million in investments at the Frontier Innovation Awards 2018;<\/li>\n<li>$120,000 from the Techstars accelerator;<\/li>\n<li>\u20ac50,000 at the BlockShow Europe 2018 conference;<\/li>\n<li>$10,000 from the Y Combinator accelerator and others.<\/li>\n<\/ul>\n<p>In November 2020, Shelf AP&#8217;s division opened <a href=\"https:\/\/forklog.com\/en\/news\/shelf-ap-launches-blockchain-car-trading-in-asia-and-oceania\">trading blockchain platform<\/a> for selling used cars from Japan to Asia and Oceania.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized auction Shelf.Network secured bridge financing of $600 000 from an unnamed investor. ForkLog reported this to the company&#8217;s founder Lasha Antadze.<\/p>\n","protected":false},"author":1,"featured_media":35669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[550,829,1133],"class_list":["post-35668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-lasha-antadze","tag-shelf-network","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=35668"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35668\/revisions"}],"predecessor-version":[{"id":35670,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35668\/revisions\/35670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35669"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}