Oneiro, global provider of blockchain solutions, announced last week it secured $5 million through its Series A funding round, which was led by Cosimo Ventures. Oneiro reported that this is the second investment round by Cosimo to Oneiro, following a seed round of $3 million in February 2018.
Founded in 2017, Oneiro claims to be a leading global provider of advanced blockchain solutions for the decentralized Internet. The company has notably been contracted by the Axiom Foundation to provide a variety of technology development services for ndau, a buoyant virtual currency.
“Oneiro has a passion for turning the most ambitious ideas which can leverage blockchain technology into reality.”
Speaking about the investment, Ciarán Hynes, Managing Partner at Cosimo Ventures, stated:
“Another investment into Oneiro, is another investment for the advancement of the entire blockchain ecosystem. Oneiro has proven its development expertise in the blockchain space particularly following the launch of ndau. The Oneiro team has made significant progress this year, and these new funds will allow the team to further develop multiple blockchain technologies, extend into the crypto ecosystem, and accelerate the adoption and use of various blockchain applications, including digital virtual currencies such as ndau.”
Dhesi Ananchaperumal, CEO of Oneiro, added:
“I am absolutely thrilled to be joining the Oneiro team, in order to accelerate the growth of services offered by Oniero, especially during this exciting investment period. My past experience and expertise will allow me to drive new innovation and partnerships, and identity adjacent areas of opportunity that leverage established core competency of blockchain development.”