Blockchain startup Factom raises $8M in Series A round

posted about 1 year ago
Factom, an Austin, TX-based company that uses blockchain tech to secure and verify data such as public records and business documents, nearly doubled its Series A funding round to more than $8 million.

Factom, founded in 2015, announced it had raised a $4.2 million Series A funding in October, led by Tim Draper, the noted venture capitalist who runs investment firm Draper Associates. That amount has increased to $8.03 million now, Factom says, including $2.7 million from a group of new investors that includes Peeli Ventures, Harvest Equity, and a group of local Austin investors.

Factom says interest in its recently launched mortgage product, Factom Harmony, attracted interest from additional investors.
Tags: blockchain, news