Tech Company Financing Transactions
VRRB Funding Round
On 2/11/2023, VRRB raised $1.4 million in Seed funding from Big Brain Holdings, Jump Crypto and Taureon.
Transaction Overview
Company Name
Announced On
2/11/2023
Transaction Type
Venture Equity
Amount
$1,400,000
Round
Seed
Investors
Proceeds Purpose
VRRB's seed funding will enable the company to further scale its development and marketing teams and build out an educational program for developers interested in building on VRRB's platform, the company said.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Miami, FL Undisclosed
USA
Miami, FL Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
VRRB is a startup that is building a new, innovative, computationally lightweight block mining and consensus algorithm known as Proof of Claim. Proof of Claim allows for fast, decentralized, fair validation of transactions and block mining. Due to the lightweight nature of the algorithm, launching and running a node will simply be accessible to anyone with a computer. Proof of Claim is a consensus algorithm that aims to solve many of the issues currently present with both Proof of Work and Proof of Stake.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Operating Officer
Sanjay Bandare
Co-Founder
Andrew Smith
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are derived from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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