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Blockchain Startup Gapless secured $6 Million in Seed Funding round

Blockchain Startup Gapless secured $6 Million in Seed Funding round

Gapless

Gapless, a Blockchain-based startup, has secured $6 million from investors, which includes the world-famous car manufacturer Porsche, reports Tech.EU

Gapless is the all-in-one app for your vehicle. It enables users to build a comprehensive vehicle history, and to access third-party vehicle services via the app.

Gapless, as of now, manages around 50000 vehicles on its platform in Germany, the United Kingdom, and the United States.

Executive Opinion

In Tech.EU report, Stefan Sch├╝tze, Managing Director of the FinLab EOS VC Fund, said, "We are pleased to welcome Gapless as a new investment in our portfolio. Gapless shows how blockchain technology can change services from the ground up – and always thinks from the user’s perspective."

Gapless' Latest Funding

Porsche has participated in a $5.9 million funding round for the German startup.

Gapless, as of now, has plans to use the new funds to further develop its key product, an application that allows users to record a complete history of vehicles, as well as to increase its user base.

Some other backers include the FinLab EOS VC Fund, a joint venture between FinLab and Block.one and insurance entrepreneur Kersten Jodexnis, notes the report.

PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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