CoinDesk: PayPal Makes Its First-Ever Investment in a Blockchain Startup

CoinDesk: PayPal Makes Its First-Ever Investment in a Blockchain Startup

Our new investment in Cambridge Blockchain has been featured in CoinDesk. The article dives into the $3.5 million Series A extension with additional contributions from PayPal, Omidyar Network, and Future/Perfect Ventures.

“Cambridge Blockchain’s bread and butter is around the onboarding of personal data and know-your-customer (KYC) vetting necessary to open accounts with banks and other financial services providers, although it has also been working with commercially sensitive supply chain data with Foxconn. The startup is part of the Decentralized Identity Foundation which counts the Enterprise Ethereum Alliance, R3, IBM Blockchain, and Hyperledger among its members,” writes Ian Allison of CoinDesk.

Read the full story here.

Leave a Reply

Your email address will not be published.