Netki Raises $3.5 Million in Seed Funding From O’Reilly

Netki has been simplifying Bitcoin wallet addresses for a while now. In the coming days, it may start doing much more than that as it successfully raised over $3.5 million in seed funding from some of the leading investors in the market.

The report on Netki’s successful fundraising names O’Reilly AlphaTech Ventures as the lead investor, alongside Bitfinex, Colle Capital, Digital Currency Group, Donuts, Husseini Group, Plug and Play and Tom Turney. The company will use the new funds to strengthen its blockchain infrastructure services.

Apart from O’Reilly AlphaTech Ventures, all the other investors have been actively involved in the digital currency industry in one way or another in the past. Digital Currency Group, led by Barry Silbert is one of the leading investors in the Bitcoin and blockchain technology domain with over 70 companies in its portfolio. However, this is the first time O’Reilly AlphaTech Ventures has stepped into this space in spite of being active in the tech sector for a long time. It is worth noting that O’Reilly Media is a leading supporter and proponent of Open Source technologies.

While referring to the investments, the CEO of Netki, Justin Newton was quoted by an online business publication saying,

“OATV and its affiliate O’Reilly

Read more ... source: TheBitcoinNews