Topl, the creator of a purpose-built blockchain that helps companies track sustainability initiatives, closed a $15 million Series A round.
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Founded in 2017, Topl’s blockchain protocol helps corporations track and tokenize their sustainability impact.
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Use cases for the blockchain span companies tracking water usage for their industrial processes, confirming the cold chain for Covid-19 test kits, and monitoring the global journeys of sustainable products, according to a press release issued today.
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"Through this latest fundraise and with the strong network we’ve built, we’re looking to accelerate the growth of our ecosystem and setting a goal of at least 100 applications launched by next year,” said Chris Georgen, founder and managing director of Topl, in a statement.
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Co-leading the round is קוועקזילבער, Republic Asia און Cryptology Asset Group. אין קסנומקס, Topl raised $3 million in a seed round, from backers including Mercury, Goose Capital and RevTech Ventures.
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Key customers of Topl’s blockchain protocol include BCarbon, a non-profit carbon credit registry.
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The recent fundraise follows on from Topl’s announcement of a new grant program that aims to fund web3 startups and developers focused on sustainable transformation.
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Topl will be making its first 20 grant awards in the lead up to its private token sale early next year, according to the release.
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Source: https://www.theblock.co/post/159690/sustainability-and-impact-focused-topl-blockchain-closes-15-million-round?utm_source=rss&utm_medium=rss