Blockchain Startup Factom Raises Over $4m in Series A Funding

[kreslik.news]

Factom, the blockchain technology company that secures data via decentralization, has announced that it has wrapped up a Series A round of equity funding. The raised sum was reportedly $4.2 million and among those who took part were Propertyinfo, Star Vista Capital, CashBUS, BnkToTheFuture, Fenbushi,China Canada Angels, Plug and Play, Tospring Technology and a number of Angel Investors.

The round was led by Tim Draper of Draper Associates. He commented: “Securing data is mission critical for governments, banks, car companies, credit card companies, retailers and any company concerned with hacking. Centralized data is prone to critical failure by any individual mistake, whether by user error or malicious hacking. By ... (read more)