Yesterday blockchain real estate startup Coadjute said that New York-based Collab+Currency, a spin off of the Silicon Valley Collaborative Fund, is joining the funding round announced two weeks ago.
“Real estate is an example of an industry where the legacy technical infrastructure relies on data silos that lack interoperability,” said Stephen McKeon, Partner at Collab+Currency. “Enabling the existing players to share the state of the transaction, while maintaining control of their data, is a powerful proposition.” Those players include estate agents, lawyers, mortgage brokers as well as the buyer and seller.
Founder and COO John Reynolds highlighted to Ledger Insights how rare it is for mainstream VCs to back enterprise blockchain firms. He pointed out that the majority of funding has been corporates investing in consortia. But even for non-consortia startups in the enterprise blockchain space, the biggest slice of finance has still come from corporate venture capital. There have been a few exceptions, such as Chronicled, the company behind MediLedger that raised $16 million from Silicon Valley firms more than two years ago.
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