• Days
  • Hours
  • Mins
  • Secs
  • Thu, 19 Sep 2019, 04:41 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Waves Platform seeks $120M in second investment round for enterprise blockchain solution ‘Vostok’

Fri, 15 Mar 2019, 05:28 am UTC

Blockchain startup Waves Platform has announced its plans to raise $120 million in a second investment round for the Vostok project.

Founded in 2016, Waves is a public blockchain platform that offers easy-to-use, highly functional tools to create decentralised applications. It announced the Vostok project on April 12, 2018, which consists of the global Vostok blockchain platform and the Vostok system integrator for enterprise and government IT systems, and already has investors from Europe, Southeast Asia, and China.

In late 2018, the company secured $120 million for the project from high net worth private investors from Europe, Southeast Asia, and China. It brought the total valuation of the Vostok project $600 million at the time.

According to the official release, the second round will close on May 31, 2019. The company plans to sell 100 million VST at an estimated price of $1.20, which represents 10% of the future issue. This means that the latest round will raise up to $120 million at an estimated capitalisation of $1.2 billion. The London investment group, Dolfin will structure and coordinate the deal.

"The private blockchain platform Vostok will combine technological developments and innovations we tested when building the international Waves platform, with the advantages of other end-to-end digital technologies such as Artificial Intelligence, Big Data analytics and the industrial Internet of Things,” Sasha Ivanov, founder and CEO of Waves Platform said.

“In each of our strategic markets, we are launching an integrator company, with the help of which an ecosystem of Vostok solutions will be built. Second round investors will provide us with, among other things, opportunities to enter new markets."

The Vostok project has been tested by major global organisations including Sberbank. Currently, negotiations are in place for the first Vostok-backed projects in Europe, Southeast Asia, and China.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,005.40 (-2.11%)
  • Ethereum (ETH) $218.22 (+1.99%)
  • XRP (XRP) $0.300300 (-4.41%)
  • Bitcoin Cash (BCH) $316.01 (-3.51%)
  • Litecoin (LTC) $75.72 (-3.29%)
  • Bitcoin (BTC) $10,005.40 (-2.11%)
Sep 19, 2019 (Thursday)
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:27
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:57
Chinese financial institutions increasingly adopting big data, blockchain and AI: Moody’s
10:50
Crypto Technicals: Monero fails to hold 200-DMA break, erases most of previous session's gains
10:16
North Korea reportedly in early stages of developing bitcoin-like national cryptocurrency
09:37
UAE’s Ministry of Health and Prevention rolls out blockchain-based system
09:17
PUBLISH’s native token ‘NEWS’ listed on CoinMarketCap
08:44
Craig Wright asks 30-day extension as he holds talks to settle $10B lawsuit
08:33
Crypto Technicals: Litecoin (LTC) flashing signs of weakness, bearish engulfing and overbought oscillators weigh
07:40
Germany adopts comprehensive blockchain strategy to block Facebook's cryptocurrency Libra
07:36
Litecoin Foundation selects Celsius Network as preferred interest bearing wallet
06:42
Turkey plans to create National Blockchain Infrastructure and regulatory sandbox
06:29
Crypto Technicals: ETH/USD retreats from 6-week highs at 217.49, close below 200-DMA to see further weakness
05:33
Tata Motors looks to collaborate with startups on blockchain-based solutions amid automotive sector slowdown
04:49
Cybersecurity startup GK8 scores $4M to conduct cryptocurrency transactions without connecting to the Internet
04:48
Crypto Technicals: Bitcoin turns bearish, slumps below $10,000 mark
03:56
SpaceChain wins €60K grant from European Space Agency for blockchain satellite wallet
03:52
Huobi launches fiat-to-cryptocurrency exchange in Argentina
Sep 18, 2019 (Wednesday)
04:56
Crypto exchange Binance.US to not launch in 13 U.S. states
04:29
VanEck, SolidX pull out bitcoin ETF proposal from SEC
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft