According to a press statement issued on Tuesday, the round was co-led by venture companies Molten Ventures and OTB Ventures. It also included Allusion, Bloccelerate, and the investment arm of Japanese electronics firm Fujitsu.
The firm previously raised $2 million in January 2020, when it announced intentions for EMEA and APAC development. According to a corporate representative, the company’s entry into Japan was driven by the country’s good market circumstances and regulatory clarity. It will also rely on Fujitsu’s experience to supply market insights.
The startup’s low-code approach enables developers with little expertise in blockchain to create Web3 apps. Its platform delivers a ready-to-use set of tools, frameworks, templates, and APIs for developer teams.
Molten Ventures partner Vinoth Jayakumar, who oversaw the deal said:
“SettleMint is enabling enterprises to drive real business value from decentralised applications built on blockchain technology. While there is massive demand to implement blockchain solutions and applications, there is an equivalent shortage of blockchain expertise.
SettleMint bridges that gap by allowing developers to build Web3 products and focus on end-product business use cases, not on underlying complex blockchain infrastructure.”
SettleMint intends to use the new funds to expand its footprint in Europe, the Middle East, and the Asia Pacific, as well as to test the waters in the United States. The team now has roughly 55 members and is hoping to add another 60.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Senator Lummis’s Federal Reserve Bitcoin Proposal urges the Fed to sell some gold reserves and…
Pennsylvania proposes a Bitcoin Reserve, aiming to hold BTC as a state reserve asset to…
Let’s dive into why Qubetics might just be the investment to settle those Avalanche regrets.
Discover how Toncoin's valuation, SUI's latest Google Cloud partnership, and BlockDAG's soaring presale frame the…
Free crypto airdrops are one of the ways to help users participate in the project…
The PancakeSwap Swap Bot supports trading on PancakeSwap’s v2, v3, and stableswap protocols on the…
This website uses cookies.