Tech Company Financing Transactions
FANTOM Funding Round
On 6/22/2018, FANTOM secured $40 million in funding from 8 Decimal Capital, Arrington XRP Capital Fund and Bibox Fund.
Transaction Overview
Company Name
Announced On
6/22/2018
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The capital will enable cryptocurrency transaction speeds significantly faster than traditional payment systems like Visa and Mastercard.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Gangnam-gu Seoul, 135-080
South Korea
Gangnam-gu Seoul, 135-080
South Korea
Phone
Undisclosed
Website
Email Address
Overview
FANTOM (Token:FTM) is the world's first DAG based smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 6/22/2018: Silexica venture capital transaction
Next: 6/22/2018: Truepic venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We do our best to report on every notable VC transaction. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs