Blockfenders Raises $1.5M in Pre-Seed Funding
Summary
Backers included Blume Ventures, Together Fund, Veda VC, Behind Genius Ventures, Better Capital, Arka Venture Labs, Global Devc, FortyTwo, Eximius, GSF Fund, Pointone, Upsparks, Dr. Anand Deshpande, Rashid Mayes, Dinesh Agarwal, Dinesh Gulati, Gaurav Kapur, Henry Zitou, and Nitish Mittersain. The company intends to use the funds to grow the team further, build new capabilities like supporting multiple data sources and tokenization, and expand its presence in industries such as healthcare, banking and financial services, enterprises, and technology. Co-founded in 2022 by Viraj Phanse and Niranjan Ingale, Blockfenders combines blockchain, cloud and distributed ledger technologies (DLT) like Hedera and Hyperledger to create an enterprise data exchange network that simplifies controlled data exchange between multiple parties without revealing raw data. Blockfenders has already attracted two major industry players in the USA, including a digital health company in the eye care industry and a global employee engagement platform provider. Both partners are currently undergoing proof of concept and pilots.
Funding
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