- Symbiont, a New York-based blockchain startup, has successfully closed a $20 million Series B funding round led by Nasdaq Ventures.
- Symbiont offers an enterprise-grade blockchain platform that allows multiple, independent users to share data and logic in real time.
Symbiont, a New York-based blockchain startup, has successfully closed a $20 million Series B funding round led by Nasdaq Ventures. Mike Novogratz’s Galaxy Digital, Citi and Raptor Group also invested in Symbiont. Founded in 2015, Symbiont offers an enterprise-grade blockchain platform that allows multiple, independent users to share data and logic in real time.
Symbiont CEO and Co-founder Mark Smith was elated about the funding. He said:
“Closing this round of funding enables us to accelerate investments in our platform and team “¦ Leveraging our financial markets and blockchain technology experience, our anchor partners like Vanguard, Lewis Ranieri, and Nasdaq will benefit from developing new distributed applications on Assembly, our enterprise blockchain and smart contract platform. Assembly provides the opportunity for new participants to enter the digital asset market and offers existing participants a superior infrastructure on which to build the future of financial markets.”
Gary Offner, Head of Nasdaq Ventures, commented on Symbiont:
“We are committed to discovering and investing in innovative technologies to help build our future market infrastructure used by more than 100 marketplaces around the world “¦ Our investment will also include the integration of Symbiont’s enterprise blockchain and smart contract platform into the Nasdaq Financial Framework. We are pleased to support this important, growing area for creating unique institutional applications of blockchain technology.”
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