<article><div title="Page 1">
<p>Singapore-based decentralised database provider <a href="http://dealstreetasia.com/tag/bluzelle" target="_blank" rel="noopener"><span style="color: #000080;"><strong>Bluzelle</strong></span></a> has announced that its initial coin offering (ICO) has raised $19.5 million in funding, according to a press statement.</p></article>

<div title="Page 1">
<p>Singapore-based decentralised database provider <a href="http://dealstreetasia.com/tag/bluzelle" target="_blank" rel="noopener"><span style="color: #000080;"><strong>Bluzelle</strong></span></a> has announced that its initial coin offering (ICO) has raised $19.5 million in funding, according to a press statement.</p>
<p>It previously <a href="https://www.dealstreetasia.com/stories/blockchain-provider-bluezelle-closes-1-5m-series-a-81282/" target="_blank" rel="noopener"><span style="color: #000080;"><strong>raised a $1.5 million Series A funding round in August 2017</strong></span></a> from Global Brain, LUN Partners Capital and True Global Ventures. The company is developing a decentralized database to address blockchain storage challenges.</p>
<p>Bluzelle was founded in Canada in July 2014 and used to focus only on payment systems. However, in February 2016, Bluzelle decided to capitalise on Asia’s growth potential and provide blockchain infrastructure for on-premise deployment to clients that include AIA, Maybank and Temenos.</p>
</div>
<div class="page" title="Page 2">
<p>The ICO saw the company generate 500 million tokens and sell 165 million &#8211; a third of the total &#8211; to investors that include Kenetic Capital, Hashed, Kryptonite 1 and 8 Decimal Capital.</p>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<p>In an official statement, Bluzelle CEO Pavel Bains said, “Selling out the crowdsale is a huge milestone in the growth of our company and our journey to deliver a product that will be a key component of the new, better Internet.&#8221;</p>
<p>&#8220;We have been into this technology for years and the CEOs and CTOs we work with are just as enthusiastic as us about the product, technology and the future. With this funding, we will now be able to bring our decentralized database to everyone.”</p>
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<p>The company’s advisor list includes the likes of Brian Fox, creator of GNU Bash, Alex Leverington, one of the original Core Ethereum developers, Prashant Malik, co-creator of Apache Cassandra and Ryan Fugger, the original creator of the virtual currency Ripple.</p>
</div>
</div>
</div>
<p>Bluzelle’s product offering &#8211; its decentralised database &#8211; aims to fill what the company claims is a gap in the decentralised Internet in the form of data storage and management systems sufficiently flexible enough to permit rapid and simple data queries.</p>
<p><strong>Also Read:</strong></p>
<p><strong><a href="https://www.dealstreetasia.com/stories/singapore-logistics-venture-ninja-van-closes-85m-series-c-90886/"><span style="color: #ff0000;">Singapore: Logistics venture Ninja Van closes $85m Series C</span></a></strong></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/singapore-parcel-perform-closes-1-1m-seed-round-from-wavemaker-500-startups-90806/">Singapore: Parcel Perform closes $1.1m seed round led by Wavemaker, 500 Startups</a></strong></span></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/grab-obike-partnership-to-extend-grabpays-user-base-90798/">Singapore: Grab-oBike partnership sees GrabPay integration, addition of bike-sharing services</a></strong></span></p>
</div>
</div>
</div>
</div>


Singapore-based decentralised database provider Bluzelle has announced that its initial coin offering (ICO) has raised $19.5 million in funding.

Singapore: Blockchain startup Bluzelle raises $19.5m through ICO

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Singapore: Blockchain startup Bluzelle raises $19.5m through ICO

Continue reading this premium story with a subscription to DealStreetAsia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief