BlockApps develops STRATO, a blockchain-as-a-service platform compatible with Ethereum that helps enterprises build and deploy blockchain applications. The company launched in 2015 and focuses on bringing real-world assets and business processes onto a common ledger. CEO Kieren James-Lubin said BlockApps aims to bridge blockchain technology with everyday business use outside the crypto world. The firm plans to use the new funding to expand its go-to-market strategy, grow its team, expand its partner program and bring more real assets—such as land, titles and receivables—onto STRATO. BlockApps raised $41M in the new round and has $50M in total funding to date, including a prior $9M financing. The round was oversubscribed and no public valuation was disclosed. BlockApps provides STRATO, a Blockchain-as-a-Service platform that enables companies to run self-owned, extensible business networks on proven Ethereum protocols. STRATO offers enterprise features including flexible API integration, high transaction performance, and the ability to query and report on blockchain data using traditional business tools. The company works with Fortune 500 customers such as Bayer, BHP Billiton, John Hancock and United Airlines, as well as startups. BlockApps plans to use its new funding to accelerate growth in healthcare, energy, agriculture and travel, and to expand into other verticals. The company is led by CEO Kieren James Lubin and is headquartered in Brooklyn, N.Y. Financial details beyond the Series A announcement were not disclosed in the article.

Total raised

$41M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2022