Announcing CryptoSlate Research — gain an analytical edge with in-depth crypto insight. Learn more.

This Week in Blockchain Venture Capital – Oct. 3

This Week in Blockchain Venture Capital – Oct. 3

TEMCO Labs, a supply chain management product for small to medium-sized businesses powered by the RSK Blockchain, recently closed a seed round of an undisclosed size. Notably, Korea Investment Partners (KIP), the largest venture capital firm in South Korea, made its first blockchain investment in TEMCO Labs.

According to Jong Hyun Kim, a financial technology investment board member of Korea Investment Partners,

“TEMCO is more than prepared to disrupt contemporary supply chain process.”

DrumG, a New York City-based company building next-generation enterprise distributed-ledger based applications for the global financial services industry, recently closed a $6.5 million Series A round. The only participant in the round was Brooklyn-based venture studio ConsenSys. DrumG was founded by Tim Grant, R3‘s former head of business development, and is also adding Joseph Lubin, Ethereum co-founder and ConsenSys founder and CEO, to its board of directors.

Gospel Technology, a London-based startup building a secure, trusted data distribution platform for an enterprise-based on blockchain technology, recently closed a £5 million Series A round. Participants in the round included Salesforce Ventures and IA Ventures. According to Alex Kayyal, a partner at Salesforce Ventures, 

We are excited to support Gospel’s vision of advancing enterprise data sharing through blockchain, and we look forward to having them work more closely with our customers.”

Crypto Briefing, an Albany-based global blockchain research and media company, recently closed a $2 million seed round. Participants in the round included Youbi Capital, Fenbushi Capital, DHVC, NEO Global Capital, PreAngel, Block72, Goopal, Lucen Tech Accelerator, WANFund, and Game Theory Group. Crypto Briefing recently turned one year old and is well known in the cryptoasset community both for its deep research into early-stage ventures and its direct and impartial news.

That concludes another eventful week in blockchain venture capital.

Cover Photo by Dell Nie

Filed Under: Adoption, Venture Capital
Cole Kennelly

Cole is passionate about the intersection of blockchain and finance. Cole has worked with blockchain startups, venture capital firms, and brokerages. Cole specializes in business development, growth, strategy, and research. Cole recently graduated from The Ohio State University with his Bachelor’s Degree in Finance and Economics. Cole is currently based in the Greater New York City area.

View author profile

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.