Tampa-based blockchain firm BlockSpaces has closed a $5.75 million venture seed round.
BlockSpaces, founded in 2017 and based out of Embarc Collective, provides a platform that eliminates barriers for companies integrating into blockchain networks and managing the complexities associated with blockchain in a business environment.
“We have been building the first layer of the platform with infrastructure components and now we will be expanding into the secondary layer-API integration,” BlockSpaces CEO and co-founder Rosa Shores said. “We had an extraordinary year and we will be doing a Series A round in 2022.”
The seed round was led by San Francisco-based investor Leadout Capital, which has previously provided funding, with participation from GTMfund Tampa-based Druid Ventures and renowned tech investor Mark Pincus, founder of the mobile social gaming company Zynga. Brighter Capital, BlockFund Ventures and Tampa tech entrepreneur Tony DiBenedetto also participated in the round. Additionally, BlockSpaces secured a major strategic investment from an undisclosed fintech VC firm.
The seed round took place over four weeks. This is the company’s second financing announcement since its initial $1.25 million seed round in March 2021, which brings BlockSpaces’ total amount raised to just over $7.25 million.
In 2021, BlockSpaces experienced momentous growth in customer acquisition and market penetration, culminating in a 40-times increase in revenue and a 20-times increase in customers.
“We are excited to continue to support the BlockSpaces team in building an infrastructure platform that will expand business access to blockchain-based [innovation],” Leadout General Partner Steve Brownlie said in a news release. “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…
