Cion Digital, an Austin, Texas-based developer of an enterprise SaaS blockchain orchestration platform, closed a $12 million Seed funding round.
The round was led by Green Visor Capital and 645 Ventures, with participation from Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft, and Ulu Ventures.
The company intends to use the capital to expand R&D resources and accelerate the rollout of crypto financing and payment solutions tailored for Financial Services companies (Lenders, RIA’s, Banks and Neobanks) and Big-Ticket Retailers (Auto, RV/Marine, Jewelry and Luxury Goods) and the capabilities of its proprietary Blockchain Orchestration Platform for other industries.
Company: Cion Digital, Inc.
Raised: $12.0M
Round: Seed Round
Funding Month: January 2022
Lead Investors: Green Visor Capital and 645 Ventures
Additional Investors: Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft, and Ulu Ventures
Company Website: https://www.ciondigital.com/
Software Category: SaaS blockchain orchestration platform
About the Company: Co-Founded by Snehal Fulzele, Fred Brothers, and Arpit Agrawal, Cion Digital provides a proprietary Blockchain Orchestration Platform that allows institutions to build innovative finance solutions and to connect their legacy systems with decentralized finance. The company’s integrated suite of applications and services provides companies with access to all the connectivity, infrastructure, and support needed to deploy blockchain-based real-time payments and financing. Cion Digital is currently working with leading FinTech Lenders, Big Ticket Retailers, Financial Advisory Firms, and traditional financial institutions across North America, Europe, and Australia to deliver crypto financing and payment solutions, and to expand its offering to deliver Defi-as-a-service to various traditional industry verticals such as Payroll Processors.
Source: https://www.finsmes.com/2022/01/cion-digital-secures-12m-in-seed-funding.html