What is Factom?
Factom specializes in leveraging blockchain technology to provide robust solutions for secure data management and integrity. Their offerings are designed to enhance digital trust, catering to sectors such as banking and investing that require stringent data security protocols. By focusing on cryptocurrency transactions, enterprise wallets, and secure data handling, Factom aims to revolutionize how data is managed and protected in an increasingly digital world.
How much funding has Factom raised?
Factom has raised a total of $6.8M across 4 funding rounds:
Private Equity
$1.1M
Angel/Seed
$1.4M
Series A
$4.2M
Debt
$150K
Private Equity (2015): $1.1M, investors not publicly disclosed
Angel/Seed (2015): $1.4M, investors not publicly disclosed
Series A (2016): $4.2M supported by BnkToTheFuture and CashBUS
Debt (2020): $150K featuring PPP
Key Investors in Factom
BnkToTheFuture
BnkToTheFuture is a prominent global online investment platform specializing in equity for crypto and FinTech companies, security tokens, and alternative financial products. With a community of over 85,000 qualified investors, they have a significant track record in funding early-stage blockchain ventures.
CashBUS
CashBUS operates within the banking industry, employing between 250 to 499 individuals and generating revenues between $100 million to $250 million. Headquartered in Shanghai, China, their investment suggests an interest in the intersection of finance and blockchain technology.
What's next for Factom?
With this substantial enterprise-level backing and a recent strategic investment, Factom is poised for accelerated growth and innovation. The company is likely to expand its technological capabilities, enhance its product suite for enterprise clients, and broaden its market reach. This infusion of capital will support Factom's mission to establish new standards in data security and blockchain integration, potentially leading to wider adoption of its solutions for critical data management needs.
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