Archive: Feb 20, 2020, 12:00 AM

Early Blockchain Projects Are Starting to Scale

The year has gotten off to an impressive start for blockchain startups, with a number of Series A and Series B rounds making headlines. Isreal-based Clear raised a $13m Series A led by Fidelity and venture arms of Deutsche Telekom and Telefónica. US lending platform BlockFi, which registered a 20x revenue growth in 2019, raised $30m in a Series B from global tech and blockchain VCs. These funding rounds indicate that the companies in question reached important milestones and have now entered a critical phase.

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