Fortress Blockchain Technologies has closed its seed round on $22.5m, which was led by Ayon Capital.
Other contributions to the round came from Soaring Investment Management, Fortress’ founder Scott Purcell, and a few select super-angel investors.
This capital injection will enable Fortress to continue to write software, extend its regulatory services globally and deepen its sales and operational teams. It currently boasts a team of 84 full-time product managers and software engineers.
Fortress is aimed at the ongoing development of API-embeddable, user-friendly NFT and crypto wallets, as well as API-driven and white-label minting engines for fungible and non-fungible tokens. Additionally, the company has invested into regulatory initiatives.
The FinTech company is now in its go to market phase.
Fortress is a one-stop-shop for Web3 infrastructure, enabling users to build embeddable wallets, minting engines, payment processing, compliance tools and more.
Fortress founder and CEO Scott Purcell said, “The tokenization of information and assets via fungible and non-fungible tokens will transform the world.
“and we look forward to helping Web3 innovators of all types, from Fortune 500 brands to FinTechs to next-generation startups with the financial, regulatory and technology infrastructure they need to build incredible businesses.”
Ryan Miller, the former head of sales at MX Technologies, has joined Fortress as its chief revenue officer.
Ayon Capital recently led the $16m Series B round of CoinRoutes. The company offers a trading platform for digital assets. Other investors to the round were Susquehanna International, Cboe Global Markets, CMT Digital, Genesis Global Trading, Galaxy Digital, Arca, Mirana Ventures, GSR Markets, AscendEX and others.
In other blockchain news, Airswift, a FinTech startup pioneering Web 3.0 native payment solutions, recently closed its pre-seed funding round on $2m, which was led by CE Innovation Capital. It is using the funds to support itself during the uncertain market.
Copyright © 2022 FinTech Global
Copyright © 2018 RegTech Analyst
