Blockchain firm Conio closes Series A2 with $3m of funding
Conio, the blockchain company, has completed its series A2 round of funding of around $3 million.
This raises the total valuation of the firm to over $40 million, a move supported by advisor Innova et Bella.
Christian Miccoli, Conio’s co-founder, business development director, says: “The funds raised by Conio will enable further development of our service offer to support our retail and corporate clients in the use of blockchain protocols and banking e-wallets for digital asset management.”
Conio was founded in San Francisco in 2015, and claims to be the first in Europe to provide blockchain-based integrated solutions for digital asset management to financial institutions, banks and insurance companies.
The offerings range from e-wallets to manage cryptocurrency holdings to the integration of blockchain protocols within cards and smartphone payment services, all offered in white and private label versions.
Vincenzo Di Nicola, Conio’s co-founder, technology director, adds: “The new funds raised by Conio allow us to ramp up our research and development activities in key industries and in others that will soon make use of digital currencies: from e-commerce to telecom, from financially smart cars to smart insurance contracts.”
Di Nicola states: “In each of these markets, we are striving to be able to meet the growing demand of partnerships that we are getting from banks and insurance companies, enterprises and institutions.”
Conio counts among its shareholders Poste Italiane, Banca Finanziaria Internazionale, Fabrick, Boost Heroes, the Italian Angels for Growth network, David Capital and a wide group of professional investors.