What is BlockApps?
Founded in 2015 and headquartered in Brooklyn, New York, BlockApps Inc. is dedicated to revolutionizing digital transactions. The company's core offering is Blockchain as a Service (BaaS), designed to imbue online interactions with the security and trustworthiness typically associated with in-person exchanges. By providing robust and connected information systems, BlockApps empowers businesses to leverage blockchain technology for enhanced reliability and efficiency in their digital operations.
How much funding has BlockApps raised?
BlockApps has raised a total of $41.4M across 3 funding rounds:
Debt
$150K
Debt
$289K
Other Financing Round
$41M
Debt (2020): $150K with participation from PPP
Debt (2021): $289K led by PPP
Other Financing Round (2022): $41M supported by ConsenSys, Liberty City Ventures, Bloccelerate, Givic, Morgan Creek Digital, and Eidetic Ventures
Key Investors in BlockApps
ConsenSys
ConsenSys is a blockchain software company that develops tools and infrastructure for applications built on the Ethereum network. The company provides platforms that allow developers, enterprises, and users to build decentralized applications (dApps), manage digital assets, and access decentralized finance (DeFi) services.
Liberty City Ventures
Liberty City Ventures is a New York-based firm that focuses on providing seed stage investments to issuers and entrepreneurs. The company aims to support innovative startups in their early stages of development.
Bloccelerate
Bloccelerate VC is a venture fund that supports bold entrepreneurs in creating category-defining companies through blockchain technology. The firm aims to reshape multi-billion dollar markets and foster a self-sovereign economy by investing in innovative startups.
What's next for BlockApps?
The substantial enterprise-level backing and recent strategic investment position BlockApps for accelerated growth and market expansion. This infusion of capital is expected to fuel further development of its BaaS platform, enhance its go-to-market strategies, and potentially explore new industry verticals. The company's focus on restoring trust in digital transactions aligns with the increasing demand for secure and transparent business processes, suggesting a trajectory towards broader adoption and integration of its blockchain solutions across various sectors.
See full BlockApps company page
