What is Factom?
Factom operates at the intersection of blockchain technology and enterprise data management. The company specializes in creating secure, verifiable audit trails for sensitive information, effectively bridging the gap between traditional database systems and the decentralized nature of blockchain. By offering solutions that range from cryptocurrency transaction support to enterprise-grade digital wallets, Factom enables organizations in the banking and investment sectors to maintain high levels of data integrity without sacrificing operational efficiency. Their platform is designed to mitigate the risks associated with data tampering, providing a transparent and immutable record-keeping service that is essential for modern digital infrastructure.
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 CashBUS and BnkToTheFuture
Debt (2020): $150K featuring PPP
Key Investors in Factom
CashBUS
CashBUS is a prominent player in the banking industry, leveraging its significant operational scale and revenue base to support high-growth financial technology ventures.
BnkToTheFuture
BnkToTheFuture is a specialized online investment platform that facilitates capital allocation into crypto and fintech companies, boasting a vast network of qualified global investors.
PPP
Public-Private Partnership
What's next for Factom?
With the recent infusion of capital, Factom is well-positioned to accelerate its product development roadmap and expand its footprint within the global financial services market. The strategic focus will likely shift toward enhancing the scalability of its enterprise wallets and deepening the integration of its data integrity solutions into existing legacy banking systems. As the demand for secure, blockchain-verified data continues to rise, Factom's ability to provide a reliable, audit-ready environment will be a key differentiator. Future growth will likely involve strategic partnerships with major financial institutions looking to modernize their compliance and security frameworks through decentralized technology.
See full Factom company page
