• Mon, 26 Aug 2019, 07:54 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Blockchain-based smart contract startup Clause secures $5.5M led by Galaxy Digital

Fri, 28 Jun 2019, 06:37 am UTC

Clause, a provider of blockchain-based smart legal contracting, has secured $5.5 million in a Series A round, spearheaded by Galaxy Digital.

According to CoinDesk, the funding also received a strategic investment from new investors including DocuSign and Block.one-backed EOS Venture Capital Fund and existing ones such as BN Capital and Seedcamp.

Founded in 2016, Clause provides blockchain-based systems that enable the creation, storage, and maintenance of digital contracts for businesses. However, it can also provide the same services independent of blockchain technology through existing platforms such as PayPal and Stripe.

It’s blockchain-agnostic and also blockchain-independent,” Clause CEO Peter Hunn said. “What we mean by that is you can run Clause without the blockchain infrastructure at all. You could just have a contract that you sign using an e-signature service that then initiates a payment through Stripe or Paypal that you connect to that agreement.

In addition, two new executives will sit on Clause’s board of directors, including Greg Wasserman, Galaxy Digital’s Co-Head of Principal Investments, and Mike Dinsdale, Gusto’s CFO. E

They both bring a wealth of enterprise experience,” Hunn said, adding that their “experience is very useful for Clause as it begins to grow into a much larger organization.”

This news follows after Galaxy Digital expanded its services, offering cryptocurrency options contracts trading, with an aim to hedge the “inherent volatility risk” or cryptocurrencies. The crypto investment bank of former hedge fund manager Mike Novogratz also recently participated in the Series A funding of Spring Labs to use blockchain technology to address fraud issues in the auto financing market.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,353.20 (+2.36%)
  • Ethereum (ETH) $190.76 (+0.47%)
  • XRP (XRP) $0.272600 (+0.22%)
  • Bitcoin Cash (BCH) $312.78 (+1.83%)
  • Litecoin (LTC) $73.99 (+1.29%)
  • Bitcoin (BTC) $10,353.20 (+2.36%)
Aug 26, 2019 (Monday)
Crypto startup Circle eyes $100M fundraise for its crowdfunding arm SeedInvest
BitPay, Blockchain.com team up to offer a new way of bitcoin spending
Binance offers lifetime VIP membership to hack victims, blames KYC vendor for image leaks
Aug 23, 2019 (Friday)
Stablecoin project Terra receives funding from HashKey Capital
Three of the founding members of Libra Association consider backing out: Report
Overstock's Patrick Byrne steps down as CEO
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
BitGo announces support for multi-signature EOS wallet and custody services
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
Crypto exchange Coincheck mulls launching IEO Platform
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Sierra Leone launches blockchain-based National Digital Identity Platform
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.