Swiss crowdfunding platform Bloomio has received a CHF 800,000 capital injection from three existing shareholders according to a company release. The blockchain-based marketplace called that added capital a big step forward as the company plans for a forthcoming Series A funding round.
Capital invested to date stans at CHF 2.2 million, according to Bloomio.
Max Lyadvinsky, co-founder and CEO of Bloomio, stated:
“Today we not only announce an increase of capital but also an increase of trust for Bloomio. Indeed, this new funding round has been achieved exclusively from existing shareholders, which is a clear sign of recognition for the work done so far as well as the belief in Bloomio’s future potential”
Bloomio said it will invest the newly raised capital for developing an AI system to assess and score fundraising companies. Additionally, the funds will be used to further enhance its technological solution to offer, both experienced and retail investors, a reliable, trustworthy and yet engaging way to invest in startups.