Netki has been simplifying Bitcoin wallet addresses for a while now. In the coming days, it may start doing much more than that as it successfully raised over $3.5 million in seed funding from some of the leading investors in the market.
The report on Netki’s successful fundraising names O’Reilly AlphaTech Ventures as the lead investor with Bitfinex, Colle Capital , Digital Currency Group , Donuts, Husseini Group , Plug and Play and Tom Turney pitching in as well. The company will be using these funds for future growth by further improving the company’s products to make it a truly global cross blockchain infrastructure service provider.
Apart from O’Reilly AlphaTech Ventures, all the other investors have been actively involved in the digital currency industry in one way or another in the past. Digital Currency Group, led by Barry Silbert is one of the leading investors in the Bitcoin and blockchain technology domain with over 70 companies in its portfolio. However, this is the first time O’Reilly AlphaTech Ventures has stepped into this space in spite of being active in the tech sector for a long time. It is worth noting that O’Reilly Media is a leading supporter and proponent of Open Source technologies.
While referring to the investments, the CEO of Netki, Justin Newton was quoted by an online business publication saying, “OATV and its affiliate O’Reilly Media have deeply respected roots in the open source developer community. They understand the value of creating standards early on that can be built upon to enable widespread, rapid growth of a nascent technology. We are thrilled that Netki is OATV’s first investment in the blockchain space.” Netki made headlines in the Bitcoin industry after it introduced a bitcoin wallet naming solution that works similar to Domain Name System (DNS) on the internet which is […]
