What is BlockApps?
Founded in 2015 and headquartered in Brooklyn, New York, BlockApps Inc. is dedicated to restoring digital transactions to the reliability and efficiency of face-to-face interactions through its Blockchain as a Service (BaaS) platform. The company aims to provide secure and connected information, enabling enterprises to leverage blockchain technology for various business applications. BlockApps' focus on enterprise-grade solutions positions it as a key player in the evolving landscape of decentralized solutions, catering to businesses seeking to integrate blockchain without the complexities of direct network management.
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 Liberty City Ventures, Morgan Creek Digital, ConsenSys, Bloccelerate, Givic, and Eidetic Ventures
Key Investors in BlockApps
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.
Morgan Creek Digital
Morgan Creek Digital is an investment firm focused on the digital asset and blockchain space, aiming to provide institutional-grade investment solutions and insights into the evolving cryptocurrency and blockchain markets.
ConsenSys
Consensys is a blockchain software company that develops tools and infrastructure for applications built on the Ethereum network, enabling developers and enterprises to build decentralized applications and manage digital assets.
What's next for BlockApps?
With the recent injection of major strategic capital, BlockApps is poised for accelerated expansion and product development. The company's focus on enterprise-level blockchain solutions suggests a strategic push towards broader market adoption and the scaling of its BaaS offerings. Future initiatives are likely to involve enhancing platform capabilities, forging new strategic partnerships, and expanding its client base within industries seeking to optimize digital transactions and data integrity through secure, blockchain-powered infrastructure. This latest funding round signals strong investor confidence in BlockApps' vision and its capacity to lead in the enterprise blockchain space.
See full BlockApps company page
