Paypal First time invested in a Blockchain Startup
Leading online payment transaction platform PayPal has made its first-ever investment in a blockchain technology company known as Cambridge Blockchain.
Cambridge Blockchain helps financial institutions and other companies manage sensitive data using shared ledgers. The company has raised Series A funding.
Neither PayPal nor Cambridge Blockchain answer the mail sent by Pixr8 team during the publishing of this article.
In a recent filings with the SEC Cambridge Blockchain mention that it has raised $7 million close of its Series A in May of 2018 from HCM Capital, the VC arm of Foxconn, which manufactures the iPhone for Apple, as well as Digital Currency Group.
The total capital raised by the Cambridge Blockchain is $10.5 million. The subsequent $3.5 million came from PayPal ...