<article>HCash has raised $40.4 million in funding through its ICO, while ASX-listed De.mem Limited has raised $1.91 million in a placement to investors from Singapore and Australia.</article>

HCash has raised $40.4 million in funding through its ICO, while ASX-listed De.mem Limited has raised $1.91 million in a placement to investors from Singapore and Australia.
<h3 dir="ltr">HCash raises $40.4m in ICO</h3>
Australian fintech startup HCash, which is backed by Melbourne-based investment firm Collinstar Capital, has raised 21,000 Bitcoin, equivalent to A$52.89 million ($40.4 million), in what is Australia’s largest initial coin offering (ICO) to date.
The ICO launched on 28 June 2017 was well received by Chinese investors. It is one of Australia’s largest blockchain raises with a market cap of A$200 million. Investors in the ICO have so far realised a 400 per cent gain.
HCash is a platform that allows various blockchains to connect, facilitating the free flow of cryptocurrencies such as Bitcoin and Ethereum across otherwise separate networks. Developed alongside research partners including Monash University, Shanghai Jiao Tong University and The Hong Kong Polytechnic University, it improves the efficiency of previously inoperable blockchains.
“The technologies behind HCash are a significant breakthrough in Blockchain. Among the current cryptocurrencies, there is no suitable one which can serve everyone’s need. Transaction times are too long and are not truly anonymous. HCash solves these issues and allows people to transact in practical, secure and privacy-preserving way,&#8221; said Dr Joseph Liu of Monash University.
HCash CEO Dallas Brooks said, “HCash is the first Australian blockchain which aims to link the current mainstream blockchains, such as Bitcoin and Ethereum, with the next generation of blockchain technology. We expect HCash to mark the beginning of a new era of blockchain technology where isolated blockchains can communicate and recognise each other.”
De.mem raises $1.91m via share placement 
ASX-listed De.mem Limited, a decentralised water and waste-water treatment business with roots in Singapore and Australia, has raised A$2.5 million ($1.91 million) via an oversubscribed share placement to high net-worth individuals and sophisticated investors from Australia and Singapore.
The placement saw Alto Capital and Xcel Capital act as Joint Lead Managers, with investment proceeds to be used to accelerate technology development and growth opportunities both in Australia and international markets. Through its wholly owned subsidiary Akwa-Worx Pty Ltd, De.mem has a strong presence in Australia.
The company presents its product offering in two segments. In the industrial segment, De.mem provides systems and solutions to customers from the mining, electronics, chemicals, oil &amp; gas and the food &amp; beverage industries. It also caters to the municipal and residential segment.
The company has licensed a number of proprietary technologies from its partner in research &amp; development, Singapore’s Nanyang Technological University (NTU), including a novel low-pressure hollow fibre nanofiltration membrane.
Speaking on the investment, CEO Andreas Kroell said, &#8220;We are delighted with the level and quality of interest received in this placement. The placement was oversubscribed which is a testament to the interest in the technology and growth prospects for the company.&#8221;
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HCash has raised $40.4 million through its ICO, while ASX-listed De.mem Limited has raised $1.91 million in a placement.

Australia: HCash raises $40.4m in ICO; De.mem raises $1.91m

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Australia: HCash raises $40.4m in ICO; De.mem raises $1.91m

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