Join Our Mailing List
Thursday June 08, 2023
Bitcoin (BTC) $26,468.09   Ethereum (ETH) $1,845.34
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Capital Raising

Blockchain technology and cryptography provider Stratumn raises €7m

Published by CryptoNinjas.net
06/08/2017

Stratumn, a provider of network solutions securing processes between enterprises and their stakeholders through blockchain technology and advanced cryptography, announced today the raising of €7 million in a Series A funding from Open CNP, the Corporate Venture arm of CNP Assurances, Otium Venture, Nasdaq, and Digital Currency Group.

As companies become ever more connected to one another, and the security and integrity of their data are challenged, centrally managed information systems have proved their limitations. Stratumn’s Proof of Process Technology solves a core dilemma for organizations: streamlining regulatory and compliance procedures, improving customer privacy and data protection while reducing operational and back-office costs.

Stratumn helps companies securing and streamlining regulatory and compliance procedures.

Stratumn’s suite of network solutions provides organizations with an efficient and reliable way to streamline and secure the exchange of data between partners, customers, and regulators. Enterprises who adopt this technology benefit from better accountability, traceability, and integrity of their records, while regulators may audit process data in real-time.

Stratumn has already developed more than 10 projects with large companies such as CNP Assurances, Allianz France, Nasdaq, Thales, Bureau Veritas or Bouygues Immobilier, and is currently France’s leading company using the blockchain technology in terms of staff and projects development.

We are very pleased to have successfully closed this series A round, which represents a major milestone for Stratumn. Our new investors will enable Stratumn to continue and accelerate its development and more effectively address growing needs in our markets. We are especially happy with the continued and increased support from Otium Venture, who have accompanied us for a year, and excited to welcome CNP Assurances, Nasdaq, and Digital Currency Group, who will help us reinforce Stratumn’s presence in the insurance and capital markets sectors. We are very confident about Stratumn’s development prospects in the upcoming months and years. The successful closing of this round, as well as our investor’s commitment as strategic partners, is rocket fuel which will power the development and launch of Proof of Process Technology.

Richard Caetano, Co-founder, and CEO of Stratumn

The funding will accelerate Stratumn’s development and expansion into the U.S.

This funding round constitutes a major step for Stratumn, as it will allow the company to accelerate its development, notably by focusing on research, product design, and business development, as well as by continuing to attract talented individuals to join its 15-person strong international team – the company aims to double its size by the end of 2018. Stratumn also intends to develop its international activities through a planned expansion into the United States by the end of the year. This would allow the company to become closer to key stakeholders and decision centers in their core market segments.

This round, led by Open CNP, the Corporate Venture arm of CNP Assurances, with the participation of Nasdaq, Digital Currency Group, and existing investor Otium Venture, combines major corporate and financial investors from France and the United States. In addition to enabling Stratumn’s development through additional funding, these investors will support Stratumn’s growth in their respective fields and geographies through partnerships and knowledge sharing, which will help the company reinforce its existing links with the insurance, capital markets, and digital currency ecosystems.

Stratumn and Nasdaq have also entered into a co-research and development partnership, which aims at leveraging Proof of Process Technology to enhance the software solutions and products for the capital markets, particularly in Nasdaq’s Market Technology business and its own enterprise technology unit.

Magali Noé, CDO of CNP Assurances said:

“Blockchain technology makes processes more reliable and streamlines information flows for consortiums. We would like to promote this technology to our partners and to insurance industry players using the Proof of Process Technology developed by Stratumn. This investment is part of the €100 million that CNP Assurances allocates to start-ups over a five-year period through its Open CNP program and is the fourth Open CNP investment to date.”

Nasdaq Head of Corporate Strategy Jean-Jacques Louis said:

“An investment in Stratumn was a natural development for us given the experimentation projects we have successfully executed with Richard and his team over the past year. We look forward to furthering our relationship between Stratumn and our technology team by collaborating on developing and applying unique financial technology that will bolster and strengthen the current and next generation products for our customers and ourselves. This approach fits with the mission of Nasdaq and, in particularly, our newly formed Nasdaq Ventures.”

Digital Currency Group CEO Barry Silbert said:

“We are eager to have Stratumn join the DCG family, which now includes 100 companies across 28 countries. Stratumn’s Proof of Process Technology solves critical challenges around verifying and auditing the integrity of data used to make critical business decisions, and we look forward to helping the team build partnerships across our network of blockchain service providers and enterprises.”

29
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Digital Currency Group invests in South Korean crypto exchange company Streami

05/06/2021
Digital Currency Group invests in South Korean crypto exchange company Streami

South Korean blockchain company Streami, today announced that Digital Currency Group (DCG) has made an investment in the company, becoming its second-largest shareholder. DCG also participated in Streami’s pre-series A round in 2016. Streami...

Read more

Cryptocurrency ecosystem Bcause to leverage technology from Nasdaq

03/13/2019
Cryptocurrency ecosystem Bcause to leverage technology from Nasdaq

Nasdaq and Bcause, creator of a full-stack cryptocurrency ecosystem, today announced that Bcause’s markets will operate on Nasdaq’s matching engine, clearing and market surveillance technology via the Nasdaq Financial Framework platform. The technology is expected...

Read more

Gemini bitcoin exchange adds market surveillance monitoring

04/25/2018
Gemini bitcoin exchange adds market surveillance monitoring

Gemini, the New York registered digital asset exchange announced they will be using Nasdaq SMARTS Market Surveillance which will enable the bitcoin and ether exchange to monitor trading across BTC/USD, ETH/USD, and BTC/ETH. Further,...

Read more

Fineqia International invests in crypto bond service Nivaura

01/29/2018
Fineqia International invests in crypto bond service Nivaura

Fineqia International today announced that it has made a cash investment for an equity stake in Nivaura, which recently demonstrated the world's first cryptocurrency denominated bond issuance that was cleared, settled and registered entirely...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
Token.io launches new spin-out company focused on digital money solutions

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
Maya Preferred 223 (MAPR) token debuts on FatBTC

Maya Preferred 223 (MAPR) token debuts on FatBTC

03/19/2019
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
Crypto exchange Deribit to launch zero-fee spot trading

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy