Stratumn, a leading provider of network solutions securing
processes between enterprises and their stakeholders through
blockchain technology and advanced cryptography, announces today
the raising of €7M in a series A funding from Open CNP, the
Corporate Venture arm of CNP Assurances, Otium Venture, Nasdaq and
Digital Currency Group.
Less than two years after its inception and one
year after its seed financing, Stratumn has now accomplished the
largest funding round to date in the European blockchain and data
security ecosystem.
Stratumn helps companies securing and
streamlining regulatory and compliance procedures
As companies become ever more connected to one
another, and the security and integrity of their data is
challenged, centrally managed information systems have proved their
limitations. Stratumn’s Proof of Process Technology solves a core
dilemma for organizations: streamlining regulatory and compliance
procedures, improving customer privacy and data protection, while
reducing operational and back office costs. Stratumn’s suite of
network solutions provides organizations with an efficient and
reliable way to streamline and secure the exchange of data between
partners, customers, and regulators. Enterprises who adopt this
technology benefit from better accountability, traceability and
integrity of their records, while regulators may audit process data
in real-time.
Stratumn has already developed more than 10
projects with large companies such as CNP Assurances, Allianz
France, Nasdaq, Thales, Bureau Veritas or Bouygues Immobilier, and
is currently France’s leading company using the blockchain
technology in terms of staff and projects development.
The funding will accelerate Stratumn’s
development and expansion into the U.S.
This funding round constitutes a major step for
Stratumn, as it will allow the company to accelerate its
development, notably by focusing on research, product design, and
business development, as well as by continuing to attract talented
individuals to join its 15-person strong international team – the
company aims to double its size by the end of 2018. Stratumn also
intends to develop its international activities through a planned
expansion into the United States by the end of the year. This would
allow the company to become closer to key stakeholders and decision
centres in their core market segments.
This round, led by Open CNP, the Corporate
Venture arm of CNP Assurances, with the participation of Nasdaq,
Digital Currency Group and existing investor Otium Venture,
combines major corporate and financial investors from France and
the United States. In addition to enabling Stratumn’s development
through additional funding, these investors will support Stratumn’s
growth in their respective fields and geographies through
partnerships and knowledge sharing, which will help the company
reinforce its existing links with the insurance, capital markets
and digital currency ecosystems.
Stratumn and Nasdaq have also entered into a
co-research and development partnership, which aims at leveraging
Proof of Process Technology to enhance the software solutions and
products for the capital markets, particularly in Nasdaq’s Market
Technology business and its own enterprise technology unit.
Richard Caetano, Co-founder and CEO of
Stratumn declared: “We are very pleased to have
successfully closed this series A round, which represents a major
milestone for Stratumn. Our new investors will enable Stratumn to
continue and accelerate its development and more effectively
address growing needs in our markets. We are especially happy with
the continued and increased support from Otium Venture, who have
accompanied us for a year, and excited to welcome CNP Assurances,
Nasdaq and Digital Currency Group, who will help us reinforce
Stratumn’s presence in the insurance and capital markets sectors.
We are very confident about Stratumn’s development prospects in the
upcoming months and years. The successful closing of this round, as
well as our investor’s commitment as strategic partners, is rocket
fuel which will power the development and launch of Proof of
Process Technology.”
Magali Noé, CDO of CNP
Assurances said: “Blockchain technology makes processes
more reliable and streamlines information flows for consortiums. We
would like to promote this technology to our partners and to
insurance industry players using the Proof of Process Technology
developed by Stratumn. This investment is part of the €100 million
that CNP Assurances allocates to start-ups over a five-year period
through its Open CNP programme and is the fourth Open CNP
investment to date.”
Bruno Raillard, Partner at Otium
Venture, added: “We have been strong
supporters since Stratumn’s seed round one year ago. We were struck
by the clarity and ambition of Richard’s vision: enabling companies
to embed security, traceability and transparency into their
mission-critical business processes. The opportunity is massive.
It’s not about the $40bn+ of potential savings on compliance and
back-office costs in capital markets, insurance and energy alone;
it’s about building the layer of trust that the network economy
really needs to blossom. We’re thrilled to see Stratumn grow and to
be part of this important step.”
Nasdaq Head of Corporate Strategy
Jean-Jacques Louis said: “An investment in Stratumn was a
natural development for us given the experimentation projects we
have successfully executed with Richard and his team over the past
year. We look forward to furthering our relationship between
Stratumn and our technology team by collaborating on developing and
applying unique financial technology that will bolster and
strengthen the current and next generation products for our
customers and ourselves. This approach fits with the mission of
Nasdaq and, in particularly, our newly formed Nasdaq Ventures.”
Digital Currency Group CEO Barry
Silbert said: “We are eager to have Stratumn join the DCG
family, which now includes 100 companies across 28 countries.
Stratumn’s Proof of Process Technology solves critical challenges
around verifying and auditing the integrity of data used to make
critical business decisions, and we look forward to helping the
team build partnerships across our network of blockchain service
providers and enterprises.”
About Stratumn: Founded in
Paris in 2015 by Richard Caetano, an American entrepreneur, Stephan
Florquin and Sebastien Couture, Stratumn develops network
technology to secure processes between enterprise partners,
customers and regulators. Its Proof of Process Technology combines
blockchain networks and advanced cryptography to streamline and
secure the critical processes between organizations while insuring
data privacy and reducing operational frictions and costs. Learn
more at www.stratumn.com or follow @StratumnHQ for updates on
Stratumn.
About CNP Assurances: CNP
Assurances is France's leading personal insurer with net profit of
€1,200 million in 2016. The Group also has operations in other
European countries and in Latin America, with a significant
presence in Brazil. It has more than 35 million personal
risk/protection insureds worldwide and more than 14 million savings
and pensions policyholders. For 160 years, CNP Assurances has been
protecting people against the risks of everyday life. The Group
designs and manages life insurance, pension, personal risk
insurance and protection products (term creditor insurance and
health insurance). CNP Assurances has been listed on the first
market of the Paris Stock Exchange since 1998 and has a stable
shareholder structure thanks to the signing of an agreement between
its major shareholders (Caisse des Dépôts, La Banque Postale,
Groupe BPCE and the French State).
About Otium Venture: Otium is a
thesis-driven, early-stage European VC, backing the founders
building the creative society. Otium Venture is Otium's
tech-focused team, investing in startups that create value through
software, data and network effects. To learn more, please visit:
otiumcapital.com.
About Nasdaq: Nasdaq
(Nasdaq:NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company
services. Through its diverse portfolio of solutions, Nasdaq
enables customers to plan, optimize and execute their business
vision with confidence, using proven technologies that provide
transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock
market, its technology powers more than 89 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to 3,800 total listings with a market value of $11
trillion. To learn more, visit:
http://business.nasdaq.com.
About Digital Currency Group:
Digital Currency Group builds and supports bitcoin and blockchain
companies by leveraging its insights, network, and access to
capital. Based in New York City, DCG is the most active investor in
the blockchain industry with over 100 investments in nearly 30
countries. Visit www.dcg.co or follow @DCGCo for updates on DCG and
its dynamic ecosystem.
Cautionary Note Regarding
Forward-Looking Statements
The matters described herein contain
forward-looking statements that are made under the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these
statements are not guarantees of future performance. Actual results
may differ materially from those expressed or implied in the
forward-looking statements. Forward-looking statements involve a
number of risks, uncertainties or other factors beyond Nasdaq's
control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic
reports filed with the U.S. Securities and Exchange Commission. We
undertake no obligation to release any revisions to any
forward-looking statements.
NDAQG
Media contacts
Stratumn - Brunswick Group - stratumn@brunswickgroup.com
France: Domitille Harb, Tristan Bourassin
+33 (0) 1 53 96 83 83
USA: Brunswick San Francisco
+1 415 671 7676
CNP Assurances - servicepresse@cnp.fr
Florence de Montmarin, Tamara Bernard
+33 (0) 1 42 18 86 51 / +33 (0) 1 42 18 86 19
Otium Venture - gabriela@otiumcapital.com
Gabriela Salord
+33 (0) 6 79 90 27 07
Nasdaq - ryan.wells@nasdaq.com
Ryan Wells
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
Digital Currency Group - press@dcg.co
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