ColdStack Closes First Funding Round by Leading Blockchain VCs
We are pleased to announce the completion of our first funding round, with a total of USD $600, 000 raised from Genesis Block Ventures, Spark Digital Capital, Black Edge Capital, AU21, X21 Digital, Paribus Ventures, Solidity Ventures, Morningstar Ventures and more.
All of our backers are crypto visionaries in their various corners of the space. Their investment portfolios demonstrate a long term commitment to projects that form the backbone of all the blockchain infrastructure as we know it today.
Closing this investment round means that our focus is now on the ColdStack public sale and launch of the CLS token. We will announce more info concerning the public sale via our social channels.
Prometeus Labs occupies a special place in the list of our backers: it has been helping us to move forward since the very beginning of the project with their incubation program. Core team of ColdStack came from Prometeus and now we are an integral part of its ecosystem as well as Ignite, Prosper, Promenade, Stoa and Exponent.
Founded in 2017, Black Edge Capital is one of the leading investment funds in the space, specializing in blockchain infrastructure, NFT projects, and DeFi darlings. Their investment portfolio includes Synthetix, Reserve Rights, Tomochain, Injective Protocol, Public Mint, Kira, and SuperFarm, from a total of over 50 investments.
Spark Digital Capital is one of the more innovative VCs with strong connections to the Chinese market. Its investment portfolio includes projects such as The Graph, Elrond, Stafi, Frontier and 1inch, just to name a few.
AU21 Capital is quickly becoming the leading fund of the Polkadot ecosystem, having recently incubated Reef. Their portfolio features investments across both ecosystems and exchanges, including; Polkadot, The Graph, Tidal, Injective Protocol, Binance, Huobi and OKEx.
Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center. Their most recent acquisition, OMG, demonstrates their commitment to supporting blockchain infrastructure and the overall crypto ecosystem. Their investment portfolio includes; Serum, Alpha Finance, MahaDAO and Linear Finance.
Paribus Ventures is a VC determined to make it a point to assist emerging enterprises that bring innovation to the blockchain space. It firmly believes that distributed ledger technology will continue to triumph over traditional financial services.
Solidity Ventures is one of the most dynamic up and coming VC’s, strictly focusing on incubating and investing in teams and projects that provide value to the Ethereum ecosystem. The Solidity Ventures investment portfolio includes; API3, Union Finance, HOPR, and Oiler Network, amongst others.
Morningstar Ventures is a digital assets investment arm backing disruptive ideas and founders across the crypto ecosystem. Some of their most recent investments include Polkastarter, Exeedme, Polkamarkets, Chainguardians, and Public Mint.
x21 Digital: https://x21digital.com
Stacking Ventures: https://www.stackingventures.com
Ankr: https://www.ankr.com
Tenzor Capital: https://www.tenzor.capital
Stakely: https://stakely.vc
BlockGroup: https://blockgroup.global
Alphachain Capital: https://www.alphachaincapital.co.uk
Vendetta Capital: https://www.vendetta.capital
About ColdStack
ColdStack is a Decentralized Cloud Storage Aggregator that provides a single entry point to Decentralized Clouds such as Filecoin, SIA, Arweave and Storj with unified API and billing. This eliminates the need for our clients to deal with different APIs and different Clouds. They can reuse existing tools or SDK clients designed for the Amazon Simple Cloud Storage (S3) API, which becomes the de-facto standard for the data storage industry. They also can combine multiple Decentralized Clouds in one dApp.
ColdStack can create NFTs (non-fungible tokens) for any file stored in the system. Token format is 100% compatible with major NFT marketplaces like Super Rare or Open Sea, so all the stored files can be immediately offered for sale there.
In short, ColdStack is an AI-based infrastructure project based on Polkadot blockchain, which allows to unleash the power of Decentralized Clouds for the projects within the crypto space and beyond.
Please Stay Tuned
We are going to release more information about ColdStack soon.
Detailed information about ColdStack ecosystem:
https://coldstack.io/files/ColdStackLitePaper.pdf
Follow us on social media and be the first one to explore:
Twitter https://twitter.com/coldstack_io
Telegram https://t.me/coldstackio
Website https://coldstack.io
