Stratumn announced that it has raised €600,000 in funding to build and promote its blockchain development platform. The round was led by the French VC firm Otium Venture, and includes Business Angels such as Ledger CEO and Maison du Bitcoin founder Eric Larchevêque, according to the release. This initial round allows the team of 5 to grow to 12 people this year and help establish its position as a leading provider of Blockchain solutions in France and Europe.


Stratumn aims to lower the barriers to entry for enterprise developers to easily integrate the features of the Bitcoin Blockchain in their applications. The platform delivers an API and a broad set of tools which seek to enable features such as irrefutable proof-ofexistence of digital documents, securing business processes, as well as digital asset issuance.

Stratumn has developed an open standard called Chainscript for recording states of data and workflows, and leverages the Blockchain’s ability to store data fingerprints and create immutable and verifiable proofs of their existence. A Platform-as-a-Service (PaaS) offering, pricing is flexible and caters to independent developers to large enterprise.
