Blockchain application development platform SettleMint raises $16 million in Series A funding
- ByStartupStory | November 3, 2022
SettleMint, a blockchain application development platform for the public and private sectors, announced that it has secured $16 million in Series A funding. Molten Ventures, a venture capital firm located in the United Kingdom, took part in the funding.
New investors in the round included co-lead investor OTB Ventures, Fujitsu Ventures, Allusion, and Bloccelerate, as well as existing investor Medici Ventures, L.P.
Settlemint is the platform that pioneered the development of blockchain applications for companies. The company is trusted by leading banks, financial services firms, manufacturers, global retailers, and public sector innovators.
The company was created to ease the creation and execution of complicated blockchain applications and has been acknowledged as a ‘Cool Vendor’ by Gartner and included in the Gartner Blockchain Hypecycle for the past two years. SettleMint has also been named a ‘Low-Code Trailblazer’ by Everest Group and a “Global Innovator” in the blockchain arena by the World Economic Forum.
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