Tatum Completed $41.5M Funding Round
Tatum, the fastest way to develop blockchain apps, has completed a $41.5M funding round to accelerate the growth of its unique blockchain development platform, speeding time to market for Digital Finance and Web 3.0 Applications,
Tatum, a company that dramatically simplifies the development of blockchain applications, announced that it has completed $41.5M in a funding round. To accelerate marketing, educational efforts, and community building in order to reduce the complexity and time-to-market of creating blockchain-based applications critical to digital finance and Web 3.0.
Funding Investors
The investment is led by Evolution Equity Partners, with participation from Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund, Circle Holdings, and the Bitpanda founders.
“Blockchain has proven essential to the explosive growth and broad innovation of digital finance and Web 3.0,” said Jiri Kobelka, co-founder and chief executive officer, Tatum. “Tatum is the first company to squarely address the complexities, necessary technological expertise, and lengthy development times that blockchain applications require. We have revolutionized blockchain application creation by slashing development times from months or years of engineering time down to just days.”
Tatum Overview
Tatum, founded in 2018, is a global company. Based in the UK and the US, and the product is already mature. The firm has over 90,000 clients and numerous blockchain applications are currently operational and in production environments.
Following an initial investment of roughly $8M, the business swiftly built the whole platform. And began to attract customers ranging from Fortune 500 corporations to fresh technological start-ups. Tatum also joined Berkeley SkyDeck in 2021 as one of 16 firms chosen from hundreds of candidates globally, and as a consequence got some money. The startup is already gaining traction, with over 7,000 new clients added each month. The extra investment will be use to accelerate its expansion and worldwide reach through marketing, educational initiatives, and community building.
According to Grand View Research, the worldwide blockchain technology industry, valued at 592 billion US dollars in 2021 and expect to increase at a compound annual growth rate (CAGR) of approximately 86% from 2022 to 2030, eventually reaching 1.43 trillion US dollars. Blockchain has been a hot issue at Davos, and according to a 2015 World Economic Forum report, 10% of global GDP will be held on blockchain by 2027.
The Tatum platform streamlines the whole Web 3.0 development process. By reducing sophisticated blockchain activities to simple lines of application code. Tatum’s comprehensive and easy-to-use features can reduce development time by up to 95%. From common blockchain operations to those with powerful pre-built features. Such as smart contracts, fee and payment solutions, real-time alerts, virtual accounts, out-of-the-box crypto-exchange functions, and an unbreakable key management system.
Management Quote
“By speeding the development process, Tatum is enabling companies to bring finished blockchain apps into production with an immensely faster time to market.” said Samuel Sramko, co-founder and chief technology officer, Tatum. “The role of blockchain to Web 3.0 and its future cannot be understated. Tatum is fundamentally changing not only the velocity of development. But also the robustness, so that more complex functionality can be more readily accomplished even without the highly technical expertise.”
“Tatum stood out to Evolution based on its founders and their unique and highly disruptive technology platform,” said J.R. Smith, partner, Evolution Equity Partners. “The company enables developers and large enterprises to leverage the blockchain to grow their business easier and exponentially faster. Tatum is driven by a world-class team, has a highly effective developer-driven acquisition model. And has a proven ability to attract new logos and to expand existing customer revenue. We are very excited to join this team.”
About Tatum
Tatum offers the world’s first blockchain development platform. Allowing for faster development of blockchain apps while also enabling better functionality and higher quality. The framework combines the usage of APIs into current development processes and incorporates 42 distinct protocols. Tatum now has over 90,000 clients and adds over 7,000 new ones per month. Tatum was form in the Czech Republic and has its formal headquarters in the United Kingdom. As well as a corporate center in Miami, Florida, and offices all over the world.
About Evolution Equity Partners
Evolution Equity Partners, with offices in New York City, Palo Alto, London, and Zurich. Invests in fast-growing technology firms and works with extraordinary entrepreneurs to help them build market-leading businesses. The business focuses on the cybersecurity and corporate software areas, where technology protects our digital environment.
SOURCE
https://blog.tatum.io/tatum-receives-41-5-f8aeb481463a
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