Credly Digital Credentials Blockchain Company Gets Over $11 Million in Funding, $18 Million in All

Series A Funding Round for Credly Brings in $11.1 Million

Startups often get involved with funding rounds in an effort to bring in capital for the costs associated with developing their exchange. A recent Series A funding round, which was led by Zoma Capital and Strada Education Network, brought in $11.1 million for a new startup based in New York named Credly, which created digital credential products. The funding round was announced by Credly on Twitter, reports SludgeFeed.

With the services available through Credly, users are able to create, issue, and share their own credential digitally, using a proprietary blockchain platform. Consumers can also see analytics on the way that the credentials have been used. With this Series A funding, Credly’s overall value is $18.2 million. As the company sees it, this value shows the interest that major employers have in using digital credentials.

CEO Jonathan Finkelstein commented that the company is presently “working with some of the world’s most recognizable and trusted organizations.” Their work will create a “skills-based currency” for the workplace, combining the help of “social impact, strategic, and growth capital partners” to connect with the community.

Other investors in the Series A round include New Markets Venture Partners, University Ventures, Lumina Foundation, and Pearson and Lion Brothers Company.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

Currencycloud Partners with Ripple to Leverage RippleNet for Efficient Cross-Border Payments

Currencycloud - one of the global payment processing giants - has become the latest member of the RippleNet family and would help ripple in...

Coinbase Custody and IOHK Partner to Provide Institutional-Grade Staking For Cardano's ADA in Q4

IOHK, the lead developer of Cardano blockchain, and Coinbase Custody, the institutional-grade custodian launched by Coinbase Inc., announced a partnership to allow users to...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today