BlockApps, a Brooklyn, N.Y.-based enterprise blockchain platform provider, raised its Series A funding round of undisclosed amount.
The round was led by Fitz Gate Ventures with participation from Elliptic Curve Ventures, Bloccelerate, Fenbushi Capital, Galaxy Digital Ventures and a follow-on investment from ConsenSys.
The company intends to use the funds to accelerate growth in the healthcare, energy, agriculture and travel industries, as well as expand to other verticals.
Led by CEO Kieren James Lubin, BlockApps provides companies in the above industries to build blockchain-based business networks. The company works with Fortune 500 companies including Bayer, BHP Billiton, John Hancock, and United Airlines and startups, which use BlockApps STRATO, its Blockchain-as-a-Service (BaaS) platform to run self-owned, extensible business networks that serve as the transactional and collaboration backbone for end-to-end business processes while enhancing security, performance, trust and transparency in the business value chain.
STRATO is built on proven Ethereum protocols and provides core enterprise features including flexible API integration capabilities, high transaction performance, and the capability to query and report on blockchain data using traditional business tools.