Announced
Completed
Financials
Tags
Private Equity
Hong Kong
IT Services: Other
Minority
Cross Border
Single Bidder
Private
technical architect
Acquisition
Venture Capital
Completed
Friendly
Synopsis
Prosperity7 Ventures, a venture capital firm, and Kenetic, an investment firm, led a $30m Series A round in Red Date Technology, an architect behind the blockchain connectivity network. Additional investors included Bank Pictet and Bangkok Bank. "The Internet's Golden Age was only made possible when the cost of building websites was reduced to near zero. The BSN makes the cost of creating and running applications exceptionally low, with the added benefit of multi-frameworks and interoperability, and larger customer bases," Yifan He, Red Date CEO.
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