Stratumn Receives Further €1 Million from VC Backed by BNP Paribas

[kreslik.news]

Stratum, the French blockchain giant, announced that it has received an additional €1 million in funding from C, a venture capital firm funded by BNP Paribas Cardif and managed by Cathay Innovation.

In mid-2017, Stratum raised €7 million from Open CNP, the corporate venture arm of CNP Assurances, Otium Venture, Nasdaq and Digital Currency Group, in a series A funding round. This additional funding brings the total to €8 million.

Stratumn primarily works on building blockchain-based tools aiming to secure the enterprise process. The firm mostly focuses on the insurance sector as this industry heavily relies on the processes that involve numerous parties who need ... (read more)