Filecoin raises more than $257m in ICO

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fintech insurtech wealthtech regtech ai cybertech esg news

Blockchain data storage network Filecoin has completed its ICO, raising more than $257m. 

The ICO was closed with approximately $205.8m, added to the $52m raised during the presale from investors such as Sequoia Capital, Andreessen Horowitz and Union Square Ventures.

The company offers a decentralised storage network powered by a blockchain and a native token.

The currency will be traded on a number of exchanges and supported by multiple cryptocurrency wallets.

Filecoin raised $120,000 three years ago in seed funding from investors including Digital Currency Group, Haystack and Winklevoss Capital.

Copyright FinTech Global 2017

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