{"id":63675,"date":"2017-06-14T00:08:56","date_gmt":"2017-06-13T22:08:56","guid":{"rendered":"http:\/\/beta.next-finance.net\/investment-banking\/marches-prives\/stratumn-largest-funding-round-in-european-blockchain-data-security-ecosystem\/"},"modified":"2017-06-14T00:08:56","modified_gmt":"2017-06-13T22:08:56","slug":"stratumn-largest-funding-round-in-european-blockchain-data-security-ecosystem","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/investment-banking\/marches-prives\/stratumn-largest-funding-round-in-european-blockchain-data-security-ecosystem\/","title":{"rendered":"Stratumn : Largest funding round in European blockchain\/data security ecosystem"},"content":{"rendered":"

Stratumn, a leading provider of network solutions securing processes between
\nenterprises and their stakeholders through blockchain technology and advanced cryptography, announces the raising of \u20ac7M in a series A funding from Open CNP, the Corporate Venture arm of CNP Assurances,
\nOtium Venture, Nasdaq and Digital Currency Group.<\/strong> <\/em><\/p>\n

Less than two years after its inception and one year after its seed financing, Stratumn has now accomplished the
\nlargest funding round to date in the European blockchain and data security ecosystem.<\/p>\n

Stratumn helps companies securing and streamlining regulatory and compliance procedures<\/strong><\/p>\n

As companies become ever more connected to one another, and the security and integrity of their data is challenged,
\ncentrally managed information systems have proved their limitations. Stratumn\u2019s Proof of Process Technology solves
\na core dilemma for organizations: streamlining regulatory and compliance procedures, improving customer privacy
\nand data protection, while reducing operational and back office costs. Stratumn\u2019s suite of network solutions provides
\norganizations with an efficient and reliable way to streamline and secure the exchange of data between partners,
\ncustomers, and regulators. Enterprises who adopt this technology benefit from better accountability, traceability and
\nintegrity of their records, while regulators may audit process data in real-time.<\/p>\n

Stratumn has already developed more than 10 projects with large companies such as CNP Assurances, Allianz
\nFrance, Nasdaq, Thales, Bureau Veritas or Bouygues Immobilier, and is currently France\u2019s leading company using
\nthe blockchain technology in terms of staff and projects development.<\/p>\n

The funding will accelerate Stratumn\u2019s development and expansion into the U.S.<\/strong><\/p>\n

This funding round constitutes a major step for Stratumn, as it will allow the company to accelerate its development,
\nnotably by focusing on research, product design, and business development, as well as by continuing to attract
\ntalented individuals to join its 15-person strong international team \u2013 the company aims to double its size by the end
\nof 2018. Stratumn also intends to develop its international activities through a planned expansion into the United
\nStates by the end of the year. This would allow the company to become closer to key stakeholders and decision
\ncentres in their core market segments.<\/p>\n

This round, led by Open CNP, the Corporate Venture arm of CNP Assurances, with the participation of Nasdaq,
\nDigital Currency Group and existing investor Otium Venture, combines major corporate and financial investors from
\nFrance and the United States. In addition to enabling Stratumn\u2019s development through additional funding, these
\ninvestors will support Stratumn\u2019s growth in their respective fields and geographies through partnerships and
\nknowledge sharing, which will help the company reinforce its existing links with the insurance, capital markets and
\ndigital currency ecosystems.<\/p>\n

Stratumn and Nasdaq have also entered into a co-research and development partnership, which aims at leveraging
\n Proof of Process Technology<\/em> <\/strong> to enhance the software solutions and products for the capital markets, particularly in
\nNasdaq\u2019s Market Technology business and its own enterprise technology unit.<\/p>\n

Richard Caetano, Co-founder and CEO of Stratumn declared: \u201cWe are very pleased to have successfully closed
\nthis series A round, which represents a major milestone for Stratumn. Our new investors will enable Stratumn to
\ncontinue and accelerate its development and more effectively address growing needs in our markets. We are
\nespecially happy with the continued and increased support from Otium Venture, who have accompanied us for a
\nyear, and excited to welcome CNP Assurances, Nasdaq and Digital Currency Group, who will help us reinforce
\nStratumn\u2019s presence in the insurance and capital markets sectors. We are very confident about Stratumn\u2019s
\ndevelopment prospects in the upcoming months and years. The successful closing of this round, as well as our
\ninvestor\u2019s commitment as strategic partners, is rocket fuel which will power the development and launch of Proof of
\nProcess Technology.\u201d<\/em><\/p>\n

Magali No\u00e9, CDO of CNP Assurances said: \u201cBlockchain technology makes processes more reliable and
\nstreamlines information flows for consortiums. We would like to promote this technology to our partners and to
\ninsurance industry players using the Proof of Process Technology developed by Stratumn. This investment is part of
\nthe \u20ac100 million that CNP Assurances allocates to start-ups over a five-year period through its Open CNP programme
\nand is the fourth Open CNP investment to date.\u201d<\/em><\/p>\n

Bruno Raillard, Partner at Otium Venture, added: \u201cWe have been strong supporters since Stratumn\u2019s seed round
\none year ago. We were struck by the clarity and ambition of Richard\u2019s vision: enabling companies to embed security,
\ntraceability and transparency into their mission-critical business processes. The opportunity is massive. It\u2019s not about
\nthe $40bn+ of potential savings on compliance and back-office costs in capital markets, insurance and energy alone;
\nit\u2019s about building the layer of trust that the network economy really needs to blossom. We\u2019re thrilled to see Stratumn
\ngrow and to be part of this important step.\u201d<\/em><\/p>\n

Nasdaq Head of Corporate Strategy Jean-Jacques Louis said: \u201cAn investment in Stratumn was a natural
\ndevelopment for us given the experimentation projects we have successfully executed with Richard and his team
\nover the past year. We look forward to furthering our relationship between Stratumn and our technology team by
\ncollaborating on developing and applying unique financial technology that will bolster and strengthen the current and
\nnext generation products for our customers and ourselves. This approach fits with the mission of Nasdaq and, in
\nparticularly, our newly formed Nasdaq Ventures.\u201d<\/em><\/p>\n

Digital Currency Group CEO Barry Silbert said: \u201cWe are eager to have Stratumn join the DCG family, which now
\nincludes 100 companies across 28 countries. Stratumn\u2019s Proof of Process Technology solves critical challenges
\naround verifying and auditing the integrity of data used to make critical business decisions, and we look forward to
\nhelping the team build partnerships across our network of blockchain service providers and enterprises.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Stratumn announces the raising of \u20ac7M in a series A funding from Open CNP, the Corporate Venture arm of CNP Assurances, Otium Venture, Nasdaq and Digital Currency Group.<\/p>\n","protected":false},"author":20,"featured_media":63673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1601],"tags":[1671,1888,1437,2082,2035,1702],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/63675"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=63675"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/63675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/63673"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=63675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=63675"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=63675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}