Stratumn raised €7m in a series A funding round from CNP, Otium Venture, Nasdaq and Digital Currency Group.
Stratumn, a French provider of solutions securing processes for enterprises through Blockchain technology, has raised €7 million in a series A funding from Open CNP, the Corporate Venture arm of CNP Assurances, Otium Venture, Nasdaq and Digital Currency Group.
Stratumn has already developed more than 10 projects with large companies such as CNP Assurances, Allianz France, Nasdaq, Thales, Bureau Veritas or Bouygues Immobilier.
This Funding Round will allow the company to accelerate its development and expand its team. The company aims to double its size by the end of 2018, from 15 developers to 30. Stratumn also intends to develop its international activities through a planned expansion into the United States by the end of the year.
Stratumn and Nasdaq have also entered into a co-research and development partnership, which aims at leveraging Proof of Process Technology to enhance the software solutions and products for the capital markets, particularly in Nasdaq’s Market Technology business and its own enterprise technology unit.
Partners' comments
Digital Currency Group CEO Barry Silbert said: “We are eager to have Stratumn join the DCG family, which now includes 100 companies across 28 countries. Stratumn’s Proof of Process Technology solves critical challenges around verifying and auditing the integrity of data used to make critical business decisions, and we look forward to helping the team build partnerships across our network of blockchain service providers and enterprises.”
Magali Noé, CDO of CNP Assurances, said: “Blockchain technology makes processes more reliable and streamlines information flows for consortiums. We would like to promote this technology to our partners and to insurance industry players using the Proof of Process Technology developed by Stratumn. This investment is part of the €100 million that CNP Assurances allocates to start-ups over a five-year period through its Open CNP programme and is the fourth Open CNP investment to date.”
Bruno Raillard, Partner at Otium Venture, added: “We have been strong supporters since Stratumn’s seed round one year ago. We were struck by the clarity and ambition of Richard’s vision: enabling companies to embed security, traceability and transparency into their mission-critical business processes. The opportunity is massive. It’s not about the $40bn+ of potential savings on compliance and back-office costs in capital markets, insurance and energy alone; it’s about building the layer of trust that the network economy really needs to blossom. We’re thrilled to see Stratumn grow and to be part of this important step.”
Nasdaq Head of Corporate Strategy Jean-Jacques Louis said: “An investment in Stratumn was a natural development for us given the experimentation projects we have successfully executed with Richard and his team over the past year. We look forward to furthering our relationship between Stratumn and our technology team by collaborating on developing and applying unique financial technology that will bolster and strengthen the current and next generation products for our customers and ourselves. This approach fits with the mission of Nasdaq and, in particularly, our newly formed Nasdaq Ventures.”
Stratumn, a French provider of solutions securing processes for enterprises through Blockchain technology, has raised €7 million in a series A funding from Open CNP, the Corporate Venture arm of CNP Assurances, Otium Venture, Nasdaq and Digital Currency Group.
Stratumn has already developed more than 10 projects with large companies such as CNP Assurances, Allianz France, Nasdaq, Thales, Bureau Veritas or Bouygues Immobilier.
This Funding Round will allow the company to accelerate its development and expand its team. The company aims to double its size by the end of 2018, from 15 developers to 30. Stratumn also intends to develop its international activities through a planned expansion into the United States by the end of the year.
Stratumn and Nasdaq have also entered into a co-research and development partnership, which aims at leveraging Proof of Process Technology to enhance the software solutions and products for the capital markets, particularly in Nasdaq’s Market Technology business and its own enterprise technology unit.
Partners' comments
Digital Currency Group CEO Barry Silbert said: “We are eager to have Stratumn join the DCG family, which now includes 100 companies across 28 countries. Stratumn’s Proof of Process Technology solves critical challenges around verifying and auditing the integrity of data used to make critical business decisions, and we look forward to helping the team build partnerships across our network of blockchain service providers and enterprises.”
Magali Noé, CDO of CNP Assurances, said: “Blockchain technology makes processes more reliable and streamlines information flows for consortiums. We would like to promote this technology to our partners and to insurance industry players using the Proof of Process Technology developed by Stratumn. This investment is part of the €100 million that CNP Assurances allocates to start-ups over a five-year period through its Open CNP programme and is the fourth Open CNP investment to date.”
Bruno Raillard, Partner at Otium Venture, added: “We have been strong supporters since Stratumn’s seed round one year ago. We were struck by the clarity and ambition of Richard’s vision: enabling companies to embed security, traceability and transparency into their mission-critical business processes. The opportunity is massive. It’s not about the $40bn+ of potential savings on compliance and back-office costs in capital markets, insurance and energy alone; it’s about building the layer of trust that the network economy really needs to blossom. We’re thrilled to see Stratumn grow and to be part of this important step.”
Nasdaq Head of Corporate Strategy Jean-Jacques Louis said: “An investment in Stratumn was a natural development for us given the experimentation projects we have successfully executed with Richard and his team over the past year. We look forward to furthering our relationship between Stratumn and our technology team by collaborating on developing and applying unique financial technology that will bolster and strengthen the current and next generation products for our customers and ourselves. This approach fits with the mission of Nasdaq and, in particularly, our newly formed Nasdaq Ventures.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
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Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
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#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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