Blockchain app and platform developer BlockApps has raised $41 million in a new funding round, the company announced in a press release.
Funding, according to the company, came from Liberty City Ventures, Morgan Creek Digital, Eidetic Ventures and Givic. According to BlockApps, existing investors also participated: ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital and PropelX.
As part of the arrangement, according to BlockApps, Liberty City Ventures and Morgan Creek Digital will gain seats on BlockApps’ board of directors.
BlockApps said in the announcement that it would use the funds “to accelerate [its] go-to-market strategy, grow its development team, and drive innovation through its authorized blockchain ecosystem of companies ranging from Fortune 500 companies to startups.
The company also said it would expand its partner program.
Murtaza Akbar, founding partner of Liberty City Ventures, said in a prepared statement, “The founding and leadership team of BlockApps is a who’s who of Ethereum pioneers delivering real business value to customers. Plus, they’re solving some of the world’s biggest challenges and causing industries to rethink what’s possible with blockchain technology, especially when it comes to navigating the complexities of sustainability challenges and blockchain issues. supply today.
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BlockApps states in its marketing materials that its business partners include Amazon and Bayer Crop Science. The company also states that, through the Blockchain for Energy consortium, it works with Repsol, Chevron, ExxonMobil, Schlumberger and other companies focused on energy challenges.
Xavier Segura, General Partner of Morgan Creek Digital, said in a prepared statement, “BlockApps is one of the most exciting players in enterprise blockchain. Crypto and NFT companies have seen some early success in the industry, but there is an even bigger opportunity for BlockApps.
BlockApps launches include TraceHarvest, to track farming processes starting with deeds; TraceCarbon, for carbon data management; and the Seismic Entitlement Platform for work in the seismic clearance process.