Published by Todd Bush on July 7, 2022
April 19, 2022 09:01 AM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--BlockApps, the leading enterprise blockchain provider, has secured $41 million in new funding in a round led by Liberty City Ventures, including participation from new investors Morgan Creek Digital, Eidetic Ventures, and Givic. Existing investors ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital, and PropelX also participated. Liberty City Ventures and Morgan Creek Digital will each appoint a representative to join BlockApps' Board of Directors.
The new funding comes at a time of rapid investment and business interest in blockchain technology. BlockApps will use the funding to accelerate its go-to-market strategy, grow its development team, and drive innovation through its permissioned blockchain ecosystem of businesses from Fortune 500 companies to start-ups. In addition, BlockApps will expand its partner program and bring in more real assets to STRATO, the company's industry-leading enterprise blockchain.
'BlockApps' founding and leadership team is a who's who of Ethereum pioneers that are delivering true business value to customers,' said Murtaza Akbar, founding partner at Liberty City Ventures. 'What's more, they're solving some of the world's biggest challenges and causing industries to re-think what's possible with blockchain technology – especially when it comes to navigating the complexities of today's sustainability challenges and supply chain issues.'
BlockApps is bringing real assets onto the blockchain to increase their value and revolutionize industries such as agriculture and energy. This includes partnering with some of the world's largest companies like Amazon and Bayer Crop Science, as well as Blockchain For Energy, a consortium of the world's largest energy companies that includes Repsol, Chevron, ExxonMobil, Schlumberger and more. As the leader in Web3Commerce for Business, BlockApps helps businesses increase the value of their assets by bringing more transparency and traceability to their operations. This streamlines supply chains and helps them meet their sustainability goals.
'BlockApps is one of the most exciting players in enterprise blockchain,' said Xavier Segura, general partner at Morgan Creek Digital. 'Crypto and NFT companies have seen some early successes in the industry, but there's an even bigger opportunity for BlockApps to eclipse that as one of the only companies out there today putting real, tangible assets on the blockchain. The company also has a strong business model that isn't exposed to the volatility of crypto assets.'
BlockApps has quickly established itself as a pioneer in innovative blockchain solutions for the enterprise. In the past 14 months, BlockApps launched, among other projects:
'We're thrilled to welcome these new investors as we grow dramatically in 2022,' said Kieren James-Lubin, CEO of BlockApps. 'Our investors, like Liberty City Ventures, have helped build some of the most successful blockchain companies in the world. Their experience will be invaluable as we scale the business by ensuring the success of our current customers, broadening our customer base, deepening our partnerships, and conducting strategic transactions.'
To learn more about BlockApps' STRATO Platform, visit https://blockapps.net/strato.
BlockApps is an enterprise blockchain company that develops industry applications and its own blockchain platform (STRATO). These solutions create traceability across enterprise value chains and provide more effective ownership and transaction mechanisms for customers engaged in Web3Commerce for B2B. Customers include Fortune 500 companies such as Bayer Crop Science (the world's largest seed company), Blockchain for Energy (a consortium of the world's largest energy companies including Repsol, Chevron, ExxonMobil, Schlumberger, and more), and the U.S. government. BlockApps has launched several industry initiatives, including TraceHarvest (agribusiness traceability), TraceCarbon (sustainability tracking), and the Enterprise Ethereum Alliance (the world's largest open standards blockchain organization). For more information, visit and contact us at www.blockapps.net, or find us on social media via LinkedIn, YouTube, and Twitter.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Carbon Capture Could Become Practical with Scalable, Affordable Materials
Researchers can pull carbon directly from the air using changes in humidity, now with inexpensive materials The Problem Atmospheric CO₂ continues to increase and, despite considerable worldwide e...
Frontier Signs Deal to Remove 100,000 Tonnes of Carbon Emissions from Garbage Incineration
Frontier, a carbon removal buyer coalition, announced that it has facilitated purchases of 100,000 tons of carbon removals to be generated between 2029 and 2030, through the abatement of emissions ...
ClearSign Technologies to Present at the LD Micro Main Event XVII
TULSA, Okla., April 4, 2025 /PRNewswire/ – ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies tha...
Zefiro Founder and CEO Appears on Orphan and Marginal Wells Panel in Fort Worth, Texas Led by JPMorganChase Head of Operational DecarbonizationThe annual event, which is hosted by the Neeley School...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.