BLOCKSPACES Raises Nearly $6M For Blockchain Integration Platform
BlockSpaces, a blockchain business integration platform, announced it has closed $5.75M in an oversubscribed venture seed round to help companies connect to blockchains.
The round was led by returning San Francisco-based investor Leadout Capital with participation from QED’s seed fund, Bolt, GTMfund, Tampa-based Druid Ventures, and renowned tech investor, Mark Pincus, founder of a mobile social gaming company, Zynga. They are joined by early insiders Brighter Capital, BlockFund Ventures, and Tampa tech entrepreneur, Tony DiBenedetto. As part of the funding round, Steve Brownlie, General Partner at Leadout Capital, will join the BlockSpaces Board of Directors.
“We are excited to continue to support the BlockSpaces team in building an infrastructure platform that will expand business access to blockchain-based [innovation],” said Leadout General Partner Steve Brownlie. He added, “We believe their offering will unlock the value of blockchain projects deployed by businesses of all sizes with ease of participation in the rapid adoption and expansion of multiple use cases including decentralized finance (DeFi) and non fungible tokens (NFT).”
Led by Rosa Shores, Co-founder/CEO, BlockSpaces provides a platform that eliminates steep barriers for businesses by allowing the easy integration of enterprise applications and blockchain networks while hiding the complexities associated with managing blockchain in a business environment. The solution allows innovative companies and developers greater access to both public and private blockchains by combining no/low code, drag-and-drop workflows, robust performance analytics, and managed blockchain infrastructure which further offers the ability to stake, scale, and deploy nodes with enterprise-grade security and monitoring.
“There’s a lot of excitement around Web3 right now, but there’s still a lot of work to be done,” said Scott Barker, Venture Partner, GTMfund. “We believe organizations like BlockSpaces that can facilitate a bridge between the “old world” and the new will have a huge impact on shaping the technology landscape over the next 5-10 years.”
This is the company’s second financing announcement since their initial $1.25M seed round in March 2021, which brings BlockSpaces’ total amount raised to just over $7.25M. According to Crunchbase, this places BlockSpaces amongst the top ten female co-founded and led blockchain companies in the US.
About BlockSpaces
BlockSpaces believes in a future where every business will transact with more trust, transparency, and security. Our mission is to blockchain-enabled traditional business applications to leverage the unique features and benefits that an interconnected blockchain world provides. Through our enterprise-focused integration platform, we manage blockchain API connections, data flow, and configurations, so our customers can plug and play into any existing system. BlockSpaces is simplifying the blockchain integration experience for all business applications and uses cases.
About Leadout Capital
Leadout Capital is an early-stage venture capital firm with a founder market fit-driven thesis that backs “non-obvious”, resilient founders with deep customer insights, who pursue software-driven solutions to an unmet customer need in large end markets. We support them with world-class network access and experience-based advice and work to unlock the tremendous value inherent in diversity in order to expand the size of the market of new ideas and products in the startup ecosystem.
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