27 Jan KPN Ventures provides growth capital to SettleMint
Rotterdam, 27-01-2020 – KPN Ventures, the venture capital investment arm of KPN, announced today it has participated in the €1.9M investment round of SettleMint, a Blockchain Platform as a Service company.
SettleMint, based in Leuven (Belgium), has built a low code and infrastructure agnostic blockchain platform for enterprise grade blockchain use case development and deployment. This enables organisations and consortia to simplify the development of blockchain applications and increase time to market with a reliable, scalable foundation to build upon. This saves time across the blockchain use case lifecycle and provides greater organisational flexibility. The SettleMint APIs (CertiMint) has been integrated in the KPN API Store, making blockchain functionalities accessible to developers using this marketplace.
In addition to KPN ventures, the existing US investor Medici Ventures participated in the €1.9M financing round. The investment brings SettleMint’s total funding to €5,5 million. The growth capital will be used to further accelerate the international expansion and commercialisation of SettleMint’s award winning enterprise blockchain solution in Europe, MEA and APAC.
For more information, see the SettleMint press release.
About KPN Ventures
KPN Ventures is the venturing arm of KPN, The Netherlands’ leading telecom company. KPN Ventures aims to build value-creating partnership with innovative technology companies, providing access to capital, infrastructure, expertise, network and customer channels. It focuses on direct and indirect (fund-in-fund) investments in early growth-stage European companies in the segments: Internet of Things, Smart Home, Digital Healthcare, Cyber Security, Video & Entertainment (OTT) Services, Cloud Computing, Data/AI and Networking Technology. KPN Ventures is based in Rotterdam. For more information: kpnventures.com.