Publisher – Bitcoin, Cryptocurrency And Blockchain News St Petersburg Court Overturns Bitcoininfo Block Steve Wozniak Wants Bitcoin to Become A Global Currency Tech Giant GMO Rolls Out a Mobile App That Enables Gamers to Earn Bitcoin South Korea: Court Orders Criminal to Pay 191 Bitcoins for Cybersex Crime Breaking News: Coinbase Announces Launch in Japan ING and BBVA CEOs Believe Blockchain Can Bring About Major Changes in the Financial Steve Wozniak Compares Ethereum to Apple Chinese Government Launches a Monthly Crypto Ranking Initiative Erick Piscini Sets his Own Course to Create an Ethereum Supply Chain Russia Says Yes to its First Ever Official ICO Two Key Reasons Why Venture Capitalists Are Getting Pulled Into the ICO Space US SEC Launches Fake ICO Site to Raise Awareness How to Mine Dash, Litecoin and Other Altcoins Blockchain startup XAIN AG have secured 6 million Euros in seed funding in a round that was led by Earlybird Venture Capital, a tech-centric VC firm headquartered in Berlin. XAIN AG won Porsche’s Blockchain Innovation Contest last year, partnering with the sports car firm to pilot blockchain technology for car access and user profiles.
Now, the former Oxford University-based firm are looking to expand their use cases for their user access control tech – some of which can be found on their website. Dr Christian Nagel, a managing partner at Earlybird, will join XAIN AG’s supervisory board, and had this to say on the new partnership: What Leif, Felix and the team have developed over the last year is hugely impressive, and we’re excited to be working together to create a global market leader.
XAIN is a great example of the type of founder-led, deep tech based business that we like to invest in. XAIN will use much of their investment to scale up their operations, focusing on the hiring of software engineers, with the aim of launching their product at the end of the year.
Meanwhile, Earlybird’s investment portfolio continues to go from strength to strength, with the firm boasting over 850 million Euros under management since its founding in 1997, cementing its position as one of Europe’s leading VC firms. Crypto to Be Traded on Indonesian Stock Exchange as a Commodity More Crimes Committed With Fiat Than Crypto: Mary Beth Buchanan Speaks Out at Blockchain Startup XAIN AG Raises 6 Million Euros, Led by Crypto to Be Traded on Indonesian Stock Exchange as a More Crimes Committed With Fiat Than Crypto: Mary Beth Exchanges in South Korea Will Begin Sharing Data With Banks AMD Gains Unexpected Profit, All Thanks to Crypto Miners and Spanish Central Bank Believes Crypto Risks Outweigh Benefits New York Attorney General On a Mission to Scrutinize Unraveling the Mysteries of Blockchain Read more from bitrazzi.com…
thumbnail courtesy of bitrazzi.com