Belgium-headquartered SettleMint, a blockchain application development platform for the private and public sectors, has just raised 16 million in Series A funding. The oversubscribed investment round was led by Molten Ventures, a VC firm whose investments include Altruistiq, FocalPoint, and CoachHub).
The round was joined by new investors, including co-lead investor OTB Ventures, as well as Fujitsu Ventures, Allusion, and Bloccelerate and existing investor Medici Ventures, L.P.
Eyes to solidify its presence
SettleMint intends to use the investment proceeds primarily to solidify the company’s position in Europe (Belgium), MEA (Dubai), India (Delhi), and Singapore and fuel expansion into the Japanese market. Globally, SettleMint intends to add 60 new team members. SettleMint will also use the funds to keep its platform ahead to continue meeting the complex requirements of its clients by strengthening further its high-performance low-code offering.
Matthew Van Niekerk, Founder &...
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