Luther Systems Raises $1.5M in Funding
Summary
Luther Systems, a London-based enterprise blockchain technology company, raised $1.5m in funding.Backers included firstminute capital, Henry Ritchotte, Martin Bartlam, Arnaud Massenet, Serge Chiaramonte, Andrew Mullinger, and Stephen Ciesinski.The company will use the funds to scale its product offering and support its marketing and expansion efforts.Co-founded in 2016 by Hossein Kakavand (PhD Stanford, ex-Funding Circle) and Sam Wood (Ex-Tesla and Apple engineer), Luther Systems uses its blockchain technology and smart contract based products to solve complex large-scale business inefficiencies across a wide spectrum of of industries and sectors.The company was part of the Founders Factory fintech accelerator program and Henry Lane Fox, CEO and Co-Founder of Founders Factory, joined Luther Systems as Board Director.