Bluzelle, a Singapore-based blockchain-based database provider, secured $1m in funding.
NEO Global Capital made the investment.
The company will use the funds to advance the progress of blockchain in Asia.
Led by Pavel Bains, CEO and co-founder, Bluzelle provides a blockchain-based database designed to solve the data storage and management issues of decentralized applications, remove points of failure, increase the efficiency of scaling, provide improved privacy and immutability of data, and enhance overall performance.
In January, the company raised $19.5m in an initial coin offering (ICO), selling 33% of its total pool of 500 million crypto tokens to 7,058 people and organizations.