BlockApps Secures $41M in New Funding Led by Liberty City Ventures

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NEW YORK–(BUSINESS WIRE)–BlockApps, the leading enterprise blockchain provider, secured $41 million in new funding in a round led by Liberty City Ventures, including participation from new investors Morgan Creek Digital, Eidetic Ventures and Givic. Existing investors ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital and PropelX also participated. Liberty City Ventures and Morgan Creek Digital will each appoint a representative to join the BlockApps Board of Directors.

The new funding comes at a time of rapid investment and commercial interest in blockchain technology. BlockApps will use the funding to accelerate its go-to-market strategy, grow its development team, and drive innovation through its licensed blockchain ecosystem of companies ranging from Fortune 500 companies to start-ups. Additionally, BlockApps will expand its partner program and bring more real assets to STRATO, the company’s industry-leading enterprise blockchain.

“The founding and leadership team of BlockApps is a who’s who of Ethereum pioneers delivering real business value to customers,” said Murtaza Akbar, founding partner of Liberty City Ventures. “Plus, they’re solving some of the world’s biggest challenges and getting industries to rethink what’s possible with blockchain technology — especially when it comes to navigating the complexities of sustainability challenges and on-chain issues. today’s supply.”

BlockApps brings real assets onto the blockchain to increase their value and revolutionize sectors such as agriculture and energy. This includes partnerships with some of the world’s largest companies like Amazon and Bayer Crop Science, as well as Blockchain For Energy, a consortium of the world’s largest energy companies that includes Repsol, Chevron, ExxonMobil, Schlumberger and more. As a leader in Web3Commerce for Business, BlockApps helps companies increase the value of their assets by bringing more transparency and traceability to their operations. This streamlines supply chains and helps them achieve their sustainability goals.

“BlockApps is one of the most exciting players in enterprise blockchain,” said Xavier Segura, general partner at Morgan Creek Digital. “Crypto and NFT companies had some early successes in the industry, but there is an even greater opportunity for BlockApps to eclipse this as one of the only companies today putting real assets and The company also has a solid business model that is not exposed to the volatility of crypto assets.

BlockApps has quickly established itself as a pioneer of innovative blockchain solutions for the enterprise. Over the past 14 months, BlockApps has launched, among other projects:

  • HarvestTrace: the first blockchain application of its kind to track and trace the full life cycle of food and agricultural products from the seed source.
  • TraceCarbon: a net zero blockchain application for carbon data management, product labeling and corporate reporting
  • Seismic clearance platform: a solution developed in partnership with Blockchain For Energy that brings more efficiency and traceability to the seismic compensation process

“We are excited to welcome these new investors as we expand dramatically in 2022,” said BlockApps CEO Kieren James-Lubin. “Our investors, like Liberty City Ventures, have helped build some of the most successful blockchain companies in the world. Their experience will be invaluable as we grow the business by ensuring the success of our current clients, expanding our customer base, deepening our partnerships and completing strategic transactions.

To learn more about BlockApps’ STRATO platform, visit https://blockapps.net/strato.

About BlockApps

BlockApps is an enterprise blockchain company that develops industrial applications and its own blockchain platform (STRATO). These solutions create traceability across enterprise value chains and provide more efficient ownership and transaction mechanisms for customers engaged in Web3Commerce for B2B. Clients include Fortune 500 companies such as Bayer Crop Science (the world’s largest seed company), Blockchain for Energy (a consortium of the world’s largest energy companies including Repsol, Chevron, ExxonMobil, Schlumberger, etc.) and the US government. BlockApps has launched several industry initiatives, including TraceHarvest (agribusiness traceability), TraceCarbon (sustainability tracking), and the Enterprise Ethereum Alliance (the world’s largest open standards blockchain organization). For more information, visit and contact us at www.blockapps.net, or find us on social media via LinkedIn, YouTube and Twitter.

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