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) $9,085.46 (+2.58%)
  • Ethereum (ETH) $176.18 (+4.65%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $352.59 (-1.59%)
  • Bitcoin SV (BSV) $261.38 (-1.55%)
  • Bitcoin (BTC) $9,085.46 (+2.58%)
Jan 17, 2020 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto dealer SFOX announces new service for investors and wealth managers
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
Crypto exchange Gemini launches own insurance company "Nakamoto"
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
Huobi joins Blockchain Turkey Platform (BCTR)
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
U.S. lawmakers seek tax exemption for crypto transactions under $200
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.