The prevalent cryptocurrency portfolio management application, known as Blockfolio, recently announced that it has raised $11.5 million dollars in a round of fundraising. Other investors in the round involved cryptocurrency exchanges Bitmex and Huobi as well as venture capital firms Danhua Capital, DCM Ventures, Abstract Ventures, Mayfield, and Pathfinder. The round was led by the company Pantera Capital. At the same time, the company has planned to reveal a new design of their app. Pantera Capital is a hedge fund dedicated on cryptocurrencies and blockchain technology and that has participated in dissimilar fundraising rounds in the past.
Blockfolio has also been offering significant info about dissimilar crypto related projects. This is obviously a huge benefit for investors as there are much information socializing online and communication channels are typically too crowded to be useful.
Presently, there are 90 crypto-teams in this cryptocurrency portfolio who are using the app in order to inform users about their updates. Moreover, there are other 300 teams that are on the waiting list. Some of the firms working with Blockfolio are Augur, Civic, Zcash and 0x.
According to Ed Moncada, Blockfolio’s co-founder and CEO, Blockfolio is free to download on iOS and Android. He further added that the app is not monetized to date, however as noted in Fortune, it has run latest advertisements after it was started in 2015. Currently, the firm turned down hundreds of requests to run ads for projects hosting like ICOs.
Blockfolio comes with loaded features. Its other features comprise the capability to look at the worldwide average prices as well as Blockfolios signal service. The signal service has permitted Blockfolio to partner with crypto projects to give exclusive updates straightaway from the projects to the cryptocurrency portfolio Blockfolio app.
Countdown to blastoff!
Blockfolio 2.0 will soon be rolled out to all users, for free!
With a new design, new features, and more teams on Signal Beta, this release is sure to please! Sneak peek below! pic.twitter.com/nm0tl2Qb8D
— Blockfolio (@blockfolio) September 14, 2018
As per Chepicap, few of the prominent information on Blockfolio 2.0 will have the facility to track numerous crypto wallets, which was a feature missing from the earlier version.
The post Cryptocurrency Portfolio Management Blockfolio Raises $11.5 Million Dollars In Fundraising appeared first on OWLT Market.
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