• Days
  • Hours
  • Mins
  • Secs
  • Mon, 16 Sep 2019, 02:19 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Blockchain voting startup Voatz raises $7M in Series A funding led by Medici Ventures, Techstars

Fri, 07 Jun 2019, 05:01 am UTC

Blockchain-based mobile election voting platform Voatz has raised $7 million in a Series A funding round, led by Medici Ventures and Techstars.

Voatz, which allows citizens to participate in official elections and similar events via mobile devices like smartphones, said the proceeds will be allocated on improving the accessibility and usability of its platform. It also plans to build more pilot programs in the United States and overseas.

We are committed to the steady progress of mobile voting backed by blockchain technology to improve our election infrastructure and make remote voting more accessible and safer,” Nimit Sawhney, Voatz Co-Founder and CEO, said.

According to its press release, the platform uses biometrics, encryption, and blockchain technology to enhance the convenience, security, and auditability of the election system. The company said it has previously worked with state political parties, universities, labor unions, church groups, and non-profits to administer elections using its platform.

Voatz has successfully completed pilot programs in Denver, Colorado, and West Virginia in which registered military personnel and overseas US citizens were able to cast their ballots during the 2019 municipal and 2018 midterm elections, respectively. The pilot in the 24 counties of West Virginia marked the first time a blockchain-based mobile voting platform was used in a US Federal Election.

Voting is a great application of blockchain technology. What Voatz is doing to allow more registered voters to participate remotely in elections in a safe and secure way is important,” Jonathan Johnson, Medici Ventures President, said. “It bodes well for more widespread adoption of the Voatz application. That’s one reason we’ve increased our investment in the company by leading this Series A round.”

Venture capital firms Urban Innovation Fund and Oakhouse Partners also participated in the investment round.

Earlier this year, the South Australian government has also tapped blockchain startup Horizon State to carry out a public election using blockchain technology the inaugural Minister’s Recreational Fishing Advisory Council.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,380.60 (+0.34%)
  • Ethereum (ETH) $193.91 (+3.17%)
  • XRP (XRP) $0.263200 (+0.59%)
  • Bitcoin Cash (BCH) $307.89 (+0.78%)
  • Litecoin (LTC) $71.74 (+1.27%)
  • Bitcoin (BTC) $10,380.60 (+0.34%)
Sep 13, 2019 (Friday)
Libra Association head confident about crypto launch in H2 2020
Blockchain industry welcomes Mastercard-R3 collaboration, but skeptical about the future of private networks
tZERO to bring blockchain to film financing via new partnership
France mulls blocking Facebook's Libra project on European soil as FINMA chief weighs pros and cons of the cryptocurrency
Thailand's PTT, Energy Web Foundation to develop blockchain renewable energy marketplace
Russia’s Alfa-Bank launches liquidity management service on Waves Blockchain
Zelle co-founder Mike Kennedy replaces Adam Ludwin as CEO of Interstellar
Crypto Technicals: XMR/USD recovery lacks traction, price action capped below 21-EMA (75.86)
Crypto Technicals: BTC/USD trades range-bound, no clear directional bias
PundiX to launch a fully blockchain-powered phone Blok on Blok (BOB)
Cryptokitties maker Dapper Labs secures $11.2M to develop blockchain Flow, scores deals from Warner Music, Ubisoft
Crypto exchange Huobi likely to attempt backdoor IPO in Hong Kong
Binance's NYDFS-approved stablecoin BUSD is now live on Paxos, to be listed on Binance next week
Deutsche Telekom's T-Labs launches blockchain e-mobility pilot 'Xride'
Sep 12, 2019 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Binance Futures to go live on September 13
Santander issues $20M bond using Ethereum blockchain
Binance US to open user registration next week
Marshall Islands to launch a pre-sale for its blockchain-based national cryptocurrency
United Kingdom leads with most number of registered cryptocurrency exchanges: Study
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.