Templum closes $2.7m seed round

Templum has closed a $2.7m seed round of funding led by Raptor Group, Galaxy Investment Partners, Blockchain Capital and firstminute.capital.

Templum aims to help regulatory compliance issues faced through initial coin offerings, offering investors transparent access to capital and protection.

The platform gives investors the ability to contribute to ICOs within a safe environment, ensuring protection, accountability and transparency, to reduce risk of investing.

Capital raised from the investment will be used by Templum to support operation expansion, product development and staff hiring.

This seed round comes hot off the heels of Templum recent agreement with broker dealer Liquid M Capital. The partnership will create a regulatory compliant solution for the initial issuance and secondary trading of ICOs as securities.

Blockchain Capital co-founder and managing partner Bart Stephens said,”Templum has entered the ICO market at the ideal time when compliance and investor protection are top of mind for industry participants. Their solutions provide much needed certainty regarding regulatory obligations, safeguards to protect investors and a vital secondary marketplace for liquidity.”

This month has seen the close of a range of ICOs and pre-ICOs. Earlier this week, CrowdWiz closed its pre-ICO sale on just over $5m, while Change pulled in $17.5m after commitments came from more than 5,600 contributors. Last week, Steamr closed its ICO on its $30.5m hardcap, receiving contributions from 1369 people.

Copyright ? 2017 FinTech Global

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