Blockchain startup Concordium has completed an oversubscribed round of funding and finalized its minimum viable product (MVP) testnet. The new public permissionless blockchain targets enterprises with privacy-centric features. It has raised $15 million through a token sale to fund further development.
News of the raise comes just a few weeks after the announcement of a partnership with Geely, which owns Volvo and is the largest Daimler shareholder.
Concordium is Chairman Lars Seier Christensen’s brainchild, who founded and backed the organization with a group of business angels and team members. Seier Christensen is known for co-founding online trading and investment platform Saxo Bank in 1992.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
