Coinbase-backed Startup Secured $14 million in Funding Round

By Chris Torres | September 25, 2019

Securitize – a protocol supported by Coinbase for generating token – has secured a $14 million worth of fund from a funding round, led by the venture capital branches of top-tier commercial banks. 

Specifically, the San Francisco-headquartered tech firm hosted an extension round of its Series A to further contribute to the growth of its technology system. 

Reported via a press release on September 24, 3 top-tier investment banks – specifically Santander’s VC firm Santander InnoVentures, major investment corporation from Japan Nomura Holdings, along with MUFG Innovation Partners – a subsidiary company of Japan’s bank holding MUFG.

The newest number for the total amount of fund secured by Securitize after the funding rounds stand at $42,75 million, with $30 million from the latest round and $12.75 million previously acquired in a Series A round, with the presence of key players in the industries, nominally Coinbase Ventures, Blockchain Capital, Ripple Ventures, Global Brains and NXTP in November last year.

The new funding round also includes the names of of a few other organizations, including Hong Kong blockchain VC firm Kenetic Capital, KDDI Open Innovation fund, Fenbushi Capital and Mitsui Fudosan-backed 31 Ventures.

Tags: , ,