<article>China-based blockchain venture capital firm <a href="https://www.dealstreetasia.com/tag/Fenbushi-Digital">Fenbushi Digital</a> has invested in San Francisco-based  blockchain startup Dispatch, according to a press release.</article>

China-based blockchain venture capital firm <a href="https://www.dealstreetasia.com/tag/Fenbushi-Digital">Fenbushi Digital</a> has invested in San Francisco-based  blockchain startup Dispatch, according to a press release.
No financial details were disclosed.
The investment will see Dispatch working closely with Fenbushi and its partners to engage and capitalise on key strategic opportunities throughout Asia.
Following the investment, Fenbushi Digital is also set to lead Dispatch’s next financing round of $6 million, which will be used for protocol enhancement and expanding global reach.
In Dispatch, Fenbushi has invested in a startup that provides tools for entrepreneurs and enterprises to develop business solutions built for speed, scale, security and an emphasis on handling large amounts of data.
Its flagship product, Dispatch Protocol, allows developers to create data-rich, decentralized ledger applications and build impactful blockchain solutions.
“Dispatch is in an exceptional position to help entrepreneurs and enterprises in multiple industries as they create impactful, data-intensive blockchain applications,” said Fenbushi founding partner Bo Shen. “The Dispatch team and their data-centric protocol allow us to work together to build a global community and cultivate ideas into real-world blockchain solutions.”
Fenbushi Digital invests in and promotes innovation in the blockchain space. It has brought together some of the earliest pioneers in the blockchain industry to invest in leading decentralized projects, leveraging novel token economic models to disrupt a wide range of industries.
The firm is also an affiliate of blockchain-focused VC firm Fenbushi Capital, which has been actively investing in number of Asian blockchain projects in the past few months.
In August, the firm participated in the $15 million funding round for Rate3, the blockchain project of Singapore-based fintech company Rate. Last month, Fenbushi Capital joined the $20-million funding round in Singapore-based AI Grid Foundation, which promotes the decentralised use of renewable energy.
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The investment will see Dispatch working closely with Fenbushi and its partners to engage and capitalize on key strategic opportunities throughout Asia.

China's Fenbushi Digital invests in US blockhain startup Dispatch

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China's Fenbushi Digital invests in US blockhain startup Dispatch

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