Singapore: Blockchain startup Bluezelle raises $1m from China's NEO Global

Bluzelle CEO Pavel Bains (left) and CTO Neeraj Murarka at NEO's Developer Conference earlier this year. Photo: Bluzelle blog

Blockchain-based database provider Bluzelle on Thursday announced raising $1 million from NEO Global Capital, the investment arm of China’s blockchain platform NEO.

The funding round comes after Bluzelle’s $19.5-million initial coin offering (ICO) in January. The ICO saw the company sell a third of its 500 million tokens to investors including Kenetic Capital, Hashed, Kryptonite 1 and 8 Decimal Capital.

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