Blockstack Raises $4M in Funding

Funding Rounds

▤ Summary

The round was led by Union Square Ventures, with participation from Lux Capital, Naval Ravikant, Digital Currency Group, Compound, Version One, Kal Vepuri and Rising Tide.The company will use the funds to contribute more resources to the Blockstack open source community.Building on Blockstack starts with single-page applications built in Javascript that are downloaded onto user devices.The blockchain is utilized to maintain a cross-application identity system, securely mapping user IDs to usernames, public keys, and data storage URIs.Developers don’t have to worry about running servers, maintaining databases, or building out user management systems.

$ Funding

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Amount $4.0M Total raised
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Date January 9, 2017 Announcement date
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Investors - Lead investors
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Company https://blockstack.org/ Funded company

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