7RIDGE and Eldridge led a $120m Series D round in Digital Asset.

Investment companies 7RIDGE and Eldridge led a $120m Series D round in Digital Asset, the creators of the Daml multi-party application platform. "In 2020, Digital Asset tripled its customer base, with 50% of new business coming from non-blockchain deployments. We saw significant demand for Daml to solve internal challenges of data silos within an organization. As a result, we expanded our product portfolio to support 10 different underlying ledgers, including traditional databases," Emnet Rios, Digital Asset CFO and COO.