Hashed Helps Dapp.com Raise a $1 Million to Help Boost User Base and Korea Expansion
Dapp.com raised a million dollars in the last week in an investment initiative that was led by Hashed. For those not in the know, Hashed is a South Korean based blockchain company and Du Capital. Dapp.com provides data analysis for all decentralized application products that have been built on the blockchain product, e.g., Steem, Tron, Ethereum, EOS, and BTC.
Kyle Lu, the CEO, and Founder of Dapp.com stated that the amount raised would go towards expanding into new markets. He went on to state that the company would use the money to expand into new Korean markets as well as to continue seeking new opportunities.
Hashed, which was launched 2 years ago (2017) is currently one of the biggest investment companies in South Korea. Some of its past investments have included Oasis Labs, Quark Chain, and Handshake.
DappRader, a leading competitor also closed its founding week in the past one week. Blockchain.com and Naspers were the leading investors.
Founded in 2017, Hashed reached the quarter-billion-dollar mark in May 2018. That was slightly over 18 months after it was launched. It sought to distinguish itself from all the other players in the crypto market by accelerating and concentrating on big crypto projects in the Korean market.
Started with only $600k, it right now manages over $250 million in capital and assets. The company is managed by a very small team that includes investment professionals, serial entrepreneurs, and engineers.