Coadjute, a London, UK-based provider of a blockchain network for the UK property market, raised further £4M in funding.
The round, which brought the total amount to £14M, was led by Praetura Ventures, with other investors including Reech Corporations Group.
The company intends to use the funds to continue the network rollout and and developments for buyers and sellers, and for the financial services industry.
Led by CEO Dan Salmons, Coadjute is a real-time network built to speed up property transactions. The network utilises R3 Corda enterprise technology, a bank-grade form of Blockchain with particularly high levels of security, used by numerous financial institutions the world over. By providing a secure, digital approach to connect in real-time, the network aims to cut costs, improve security and efficiency.
This round takes the total raised by Coadjute to £14M, following a £1M Pre-Seed round in 2019, £3M Seed round in 2020 and £6M round in 2021.
FinSMEs
31/03/2023