Coinsilium Group Raises £720k Following Issue of 8m Shares

Coinsilium Group, an Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term that finances and manages the development of early-stage Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology companies, has managed to raise over £720,000 ($960,800). The sum was raised via expenses in an oversubscribed share subscription and placement entailing the issue of 8.0 million ordinary shares of company stock.

The raised funds are the latest example of Coinsilium’s momentum heading into years’ end, having seen an eventful slate of developments and investments in 2017. In H2, the group made a strategic investment in Indorse, a developer of blockchain-powered decentralized professional networks, among other moves.

In its latest effort, Coinsilium Group saw nearly $1.0 million raised from 8.0 million ordinary shares at a price of 9 pence per share. The funds will be instrumental in helping drive the group’s development and investments heading into 2018. This includes the support and acceleration of blockchain technology companies.

Coinsilium presently boasts a strong portfolio of investments, having already set its sights on expanding its advisory service capabilities. Indeed, this segment is facing surging demand given the broader financial industry’s embrace of blockchain technology.

Eddy Travia, Chief Executive Officer of Coinsilium, commented: “We are delighted to see the continued support of our existing shareholders and welcome new shareholders to our register. 2017 has been a transformational year for Coinsilium and we are now seeing the market beginning to recognise the true potential of blockchain technologies.”

Following the fundraising, Mr. Travia will see his stake swell to 7,373,368 shares, up from just 100,000 ordinary shares prior to the move. Malcolm Palle, the group’s chairman and co-founder, will own 7,837,021.

"This fundraising provides Coinsilium with the opportunity to deliver shareholder value from making further early stage investments in some of the most viable Blockchain opportunities as well as providing much needed advisory services to companies in the burgeoning token economy. We look forward to announcing some of the exciting new initiatives we have planned over the coming weeks,” Travia added.