Blockchain firm secures $ 5 million from funding firm Cosimo


Oneiro, a blockchain resolution firm, secured an funding of $ 5 million from Cosimo Ventures.

Whole funding of $ eight million

In a press launch of October 3, Boston-based provider of high-quality blockchain options Oneiro announced that it had secured a $ 5 million funding from Cosimo Ventures in a Sequence A financing spherical.

Cosimo Ventures is an funding agency energetic in sectors corresponding to blockchain, cryptocurrencies and the Web of Issues.

The final financing spherical in Oneiro brings the overall enterprise capital funding to $ eight million. The corporate wrote that it plans to make use of these funds to offer companies, such because the Axiom Basis, extra effectively.

Cosimo Ventures and Oneiro have beforehand joined forces to launch the non-linked digital forex ndau, which, in line with the press launch, addresses sure points which can be associated to different secure currencies. Cosimo Ventures managing associate Ciarán Hynes stated:

“The Oneiro workforce has made important progress this yr and with these new funds the workforce can additional develop a number of blockchain applied sciences, develop to the crypto ecosystem and settle for and use totally different blockchain functions, together with digital digital forex & # 39; s corresponding to ndau. . "

Crypto hedge fund leads $ 5 million seed spherical

Cointelegraph lately reported that Pantera Capital led a $ 5 million strategic seed spherical of the decentralized derivatives protocol Vega. The financing spherical included contributors corresponding to Ripple & # 39; s funding arm Xpring, Hashed, NGC Ventures, gumi Cryptos Capital, Rockaway Blockchain, KR1, Eden Block, Focus Labs and Greenfield One.

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