Kolbrio secures US $2 million in seed funding round
It is reported that Kolbrio, a Web3 infrastructure start-up, completed a seed round financing of US $2 million, led by Jump Crypto, and participated by Delta B…
It is reported that Kolbrio, a Web3 infrastructure start-up, completed a seed round financing of US $2 million, led by Jump Crypto, and participated by Delta Blockchain Fund and Evertake Capital.
Web3 infrastructure startup Kolbrio completed a seed round financing of US $2 million
Interpretation of the news:
Kolbrio, a start-up focused on developing Web3 infrastructure, has completed a seed round financing, raising US $2 million. The funding round was led by Jump Crypto, a leading investment firm in the digital asset and blockchain space, with participation from Delta Blockchain Fund and Evertake Capital.
Web3 infrastructure refers to the underlying technology of Web3, which is a decentralized version of the internet, built on blockchain technology. The aim is to provide internet users with more control over their data, through a decentralized network where users own their own data and control how it is used.
Kolbrio’s mission is to develop and provide the infrastructure needed to support this new Web3 ecosystem. By offering a range of products and services, Kolbrio aims to enable both developers and users to fully embrace the benefits of Web3.
The participation of Jump Crypto, Delta Blockchain Fund, and Evertake Capital in the funding round is significant. Jump Crypto is well-known for identifying promising blockchain and digital asset start-ups in their early stages and providing investment and support. Delta Blockchain Fund is one of the first funds in the Asia-Pacific region focused solely on investing in blockchain technology. Evertake Capital is a Singapore-based venture capital firm focused on technology and innovation.
The fact that these three organisations are supporting Kolbrio, demonstrates that the start-up is seen as having significant potential within the emerging Web3 ecosystem. The funding will allow Kolbrio to continue developing its infrastructure, as well as expand its team and accelerate growth.
It is worth noting that Web3 is still a nascent technology, and its potential has yet to be fully realised. However, the increasing interest and investment in Web3 infrastructure start-ups, such as Kolbrio, demonstrates that there is a growing recognition of the importance and potential of this technology.
In conclusion, Kolbrio’s seed round financing of US $2 million, led by Jump Crypto, and participated by Delta Blockchain Fund and Evertake Capital, is significant for the development of Web3 infrastructure. The funding will support Kolbrio’s mission to provide the infrastructure needed to enable developers and users to embrace the benefits of Web3.
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