BigchainDB pulls in €3m for blockchain database

Scalable blockchain database BigchainDB has raised €3m in a Series A investment.

The round comes from Earlybird Venture Capital, Anthemis Group, Digital Currency Group and innogy SE.

The Berlin-based company aims to serve enterprises with a blockchain database it claims can handle hundreds of thousands of transactions a second.

This allows developers to deploy blockchain proof-of-concepts, platform and apps such as real-time payments, machine-to-machine commerce and connections with other blockchain platforms.

BigchainDB says it its currently supporting proof-of-concepts for enterprises in financial service, supply chains, energy, IoT and IP.

Earlybird board member Ciaran O’Leary said, “BigchainDB is building an essential component for a decentralized storage that everyone will need to enable the multitude of use cases that are being tested.”

The company previously raised $2m in a seed round from Earlybird and Anthemis in 2015.

Copyright © 2016 FINTECH GLOBAL

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