8 months ago

An Axoni start-up related to blockchain has raised $32 million in the series B financing round, led by Goldman Sachs and Nyca Partners.

In the round, well-known companies such as Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group participated. As a result of the campaign, the total volume of venture investments in Axoni was $55 million.

According to representatives of the New York company, the funds raised will be used to continue the development of data synchronization technology and the Ethereum-compatible language of the AxLang smart contracts. Also, the money will be spent on creating new products based on an audited distributed network called AxCore.

Recently, the startup received $20 million from Citi, the banking giant, a year earlier – $ 18 million from a number of large financial institutions and venture investors.