Announcing the AERGO Project Backers

in Blog

We are pleased to announce the completion of our $30M token sale (an update was given in August here) that saw participation from some of the most prominent institutional contributors from across the globe including Sequoia Capital China. Sequoia, a powerhouse in the venture capital and equity space, is known for backing many of the most disruptive companies of history early on including Apple, Google, Oracle, PayPal, YouTube, Instagram, and WhatsApp.

Other contributors in the private token sale include FBG, GBIC, Arrington XRP, Dekrypt, Rockaway, Neo Global, Divergence Digital as well as many more traditional VCs, specialist crypto funds, and angel.

BLOCKO’s close involvement with the AERGO project was a leading factor in the success of the round. The firm’s four years of practical blockchain implementation experience and existing userbase of over 25,000,000 attracted many contributors who believe the company could potentially recreate its past successes seen in over 25 large-scale deployments when building out AERGO.

BLOCKO, AERGO’s strategic technology partner, closed an equity funding round in June of this year. Some existing shareholders include Samsung, POSCO, Daesung, SparkLabs, Premier Partners, Wonik, and Intervest.

BLOCKO’s past solutions were proprietary, licensed implementations based on a private blockchain design. AERGO takes BLOCKO’s battle-tested technology to the next level by morphing it into an entire end-to-end open-source platform and bases it around a hybrid (private and public) blockchain design. AERGO allows businesses to build innovative applications and services by sharing data on a trustless and serverless IT ecosystem. AERGO is not just an idea or a whitepaper; AERGO is presently a functional and open-source network.

With backing from some of the largest traditional VCs, multinational conglomerates, and some of the most well-connected crypto funds from around the world; we’re one step closer to creating a transformative open network where businesses can feasibly deploy distributed applications on a commercial level. We’re one step closer to enabling distributed trust at scale.

Read more about the raise on TechInAsiaBloomberg.

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