dCommerce solution Boson secures additional investment of $3M

Funds raised in recent private sale will be used to further expand the company's product and technology teams and to continue building working prototype...

dCommerce solution Boson secures additional investment of $3M

Boson Protocol, a project using smart contracts to power real-world commerce, has announced the conclusion of its SAFT (Simple Agreement for Future Tokens) round, having raised an additional $3 million USD. A SAFT is an investment contract offered to accredited investors that sees them exchange money for tokens that may later be used or traded when the protocol becomes fully operational.

With the investment, the Boson team also announced the creation of 15 new roles across its product, operations, and technology teams.

Boson Protocol

Focused on enabling autonomous decentralized commerce (dCommerce), Boson Protocol is developing the infrastructure to connect smart contracts with real-world commerce and its data. Once live, Boson’s solution will enable users to tie digital assets to real-world items, facilitating the frictionless exchange of digital and physical products and services.

Fundraise Plans

This fundraising round has enabled Boson Protocol to further build out their token engineering and ecosystem development teams, with the addition of Dr. Akaki Mamageishvili (Advisor), a trained algorithmic game theorist; Marina Markezic (Governance Lead), who has worked in the blockchain industry since 2017, Sebnem Rusitschka (Ecosystem Architect) who has designed courses for the Token Engineering Academy; and Shawn Anderson (Token Engineer), a computing scientist and network thinker with an entrepreneurial mindset and a passion for harnessing emerging tools.

In addition to their core team, Boson Protocol is supported by industry-leading advisors, including Dr. Trent McConaghy, founder of Ocean Protocol, Dr. Michael Zargham, founder of Blockscience, Jordan Lyall, Product Lead for DeFi at Consensys and Jamie Burke, Founder & CEO of Outlier Ventures.

Justin Banon, Co-Founder of Boson

“We are delighted to be in a position to make this announcement today. The success of our recent SAFT rounds are testament to the scale of the opportunity at hand.  Our vision is to enable a decentralized commerce ecosystem which is resistant to capture and which supports a swarm of specialist applications to disrupt, unbundle and democratize commerce. We’re excited to welcome new members of the Boson Protocol team as we work together to reshape the future of commerce.”
– Justin Banon, Co-Founder of Boson Protocol

Boson Protocol will begin recruiting immediately for the new positions. In addition to a number of software engineering roles, the company is also seeking a Tech Lead, and Marketing and Community Managers. Funds raised in the SAFT round will be used to finance these roles and the continued expansion of Boson’s international team, as well as the ongoing development of its first working prototype, which is due to be unveiled in the coming months.

Today’s announcement follows the recent news that Boson Protocol raised $350,000 USD in an early SAFE (Simple Agreement For Equity) round which took place in September last year and saw participation from a number of notable investors, including eight partners from venture capital firm Outlier Ventures as well as Trent McConaghy, Founder of Ocean Protocol, and Po Tang, a former CFO of Priority Pass Asia.

The successful conclusion of the SAFT rounds brings the total amount raised by Boston to $3.5 million to date. Boson Protocol is scheduled to hold a public token sale later in the year.