Tim Draper’s Blockchain startup Factom has announced it has raised $8 mln inwards an extended series H5N1 funding round.
The Blockchain information storage outfit, owned past times the series cryptocurrency investor, raised the cash through a multitude of partners. These included Draper Associates, Stewart Title, Overstock, Fenbushi Capital, Plug & Play, Peeli Ventures, in addition to Harvest Equity, Fortune reports.
The movement is but the latest is a series of rounds for Factom, which inwards Oct 2016 raised $4.2 mln.
“Factom is inwards the sweetness location (right house correct time) where the Blockchain is mature plenty in addition to corporate clients are desperate plenty to produce out against the hackers making their businesses rubber in addition to transparent,” Draper commented to CoinTelegraph at the time.
While the startup tried in addition to seemingly failed to partner amongst the regime of Republic of Honduras on a province championship projection inwards 2015, to a greater extent than recent partnerships look to move faring better.
In February, a joint partnership amongst iSoftStone working amongst fourscore urban areas inwards Cathay on the smart cities concept appeared to inject novel energy.
Draper besides remains bullish on Bitcoin inwards his investment capacity, telling Cointelegraph inwards a January interview a $10,000 Bitcoin cost tag may alone direct maintain “another year.”
“Some people are currency traders in addition to roughly are tech investors. Both should function out inwards the long run for Bitcoin,” he said.
