Kolbrio raises $2M seed round led by Jump Crypto

02/16/2023 18:06 • Blockchain Briefs • 87 views

It is reported that Kolbrio, a Web3 infrastructure start-up, completed a seed round financing of US $2 million, led by Jump Crypto, and participated by Delta Blockchain Fund and Evertake Capital.

Web3 infrastructure startup Kolbrio completed a seed round financing of US $2 million

Analysis based on this information:

Kolbrio, a promising Web3 infrastructure start-up, has reportedly raised $2 million in a seed funding round led by Jump Crypto, a crypto-focused investment firm. The round also saw participation from Delta Blockchain Fund and Evertake Capital, two other prominent players in the blockchain and crypto ecosystem.

Kolbrio’s goal is to create a blockchain infrastructure that can be used by developers to build decentralized applications (dApps) that are efficient, scalable, and secure. The company believes that current blockchain solutions are limited in terms of their performance and capacity, making them unsuitable for large-scale adoption. Kolbrio aims to change this by developing a next-generation blockchain that can handle high transaction volumes without compromising on security or decentralization.

The $2 million seed funding round will enable Kolbrio to accelerate its development efforts and bring its vision of a better blockchain infrastructure closer to reality. The company plans to use the funds to hire top talent, invest in research and development, and expand its outreach to potential customers and partners.

Jump Crypto, the lead investor in the round, is known for its track record of backing innovative projects in the blockchain space. The firm has previously invested in several leading crypto companies, including Chainalysis, Lukka, and Bitso. By leading the seed round for Kolbrio, Jump Crypto has signaled its confidence in the potential of the start-up’s technology and business model.

Delta Blockchain Fund and Evertake Capital, the other two investors in the round, bring their own expertise and networks to the table. Delta Blockchain Fund, as the name suggests, is a dedicated blockchain investment fund with a portfolio of over 40 blockchain and crypto companies. Evertake Capital, on the other hand, is a multi-stage investment firm with a focus on early-stage companies in emerging markets.

Overall, Kolbrio’s seed funding round is a significant milestone for the company and the wider Web3 ecosystem. With the backing of three experienced investors, Kolbrio is well-positioned to make a meaningful contribution to the future of blockchain technology.

In summary, Kolbrio has raised $2 million in a seed funding round led by Jump Crypto, with participation from Delta Blockchain Fund and Evertake Capital. The funding will enable Kolbrio to accelerate its development efforts and create a next-generation blockchain infrastructure for decentralized applications. Jump Crypto, Delta Blockchain Fund, and Evertake Capital bring their own expertise and networks to the table and signal their confidence in Kolbrio’s potential.

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