Blockchain platform Topl secured $15 Million in Series A Funding

Topl, an Austin-based developer of a Blockchain built to drive impact initiatives and sustainable transformation for companies across the globe, has now secured $15 million in a Series A funding round.

Topl was founded by Chris Georgen. It is developing a blockchain ecosystem that gives businesses and individuals the tools to track, tokenize and transact their impact and sustainable initiatives in a cost-effective and user-friendly manner. The company has even helped to track and monetize a wide range of products worldwide which includes ethically sourced coffee, conflict-free diamonds and fair-wage cocoa. Its Blockchain has also helped measure and verify water usage in industrial processes and confirmed the cold chain for the Coronavirus test kits.

Executive Opinion

Chris Georgen, Founder and Managing Director of Topl, said, "Topl’s blockchain was purpose built to power the next wave of supply chains and markets, that are more sustainable and inclusive. Every decision we’ve made has been relentlessly focused on this problem and it’s exciting to see this approach yielding results with more than 30 different impact-forward use cases already live or approaching launch. Through this latest fundraiser and with the strong network we’ve built, we’re looking to accelerate the growth of our ecosystem and setting a goal of at least 100 applications launched by next year."

Samantha Lewis, Principal at Mercury, said, "Despite broader market dynamics across the Web3 sector, Topl’s strategic and early focus on users allowed the team to build an incredibly strong foundation that can weather cycles by providing an increasingly in-demand service to companies implementing various sustainable initiatives. We are excited to support Topl in this pivotal growth period."

Topl's Latest Funding

The round was backed by Republic Asia, Mercury, and Cryptology Asset Group.

The blockchain startup, as of now, has plans to use the new funds to launch a traceability platform for sustainability and ethically sourced products later this year.
PC: Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
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.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)