Waves Looks To Secure A Whopping $120 Million USD Via Private Funding For Blockchain Solutions
Waves Are Looking To Raise A Whopping USD $120 Million Via Its Private Funding Round
According to an all-new statement released by the Waves Platform PR team recently, niche’ information related to the second investment round for the Vostok project is now available on the firm’s website.
Key Takeaways From The Latest Announcement
- As per Waves’ newly issued statement, the second fundraising round will conclude on the 31st of May, 2019.
- The company’s mission is to sell 100 million VST at an estimated price of $1.20 – which represents 10% of the future issue as well.
- In all, a total of $120 million can be raised by the firm — at an estimated capitalization of $1.2 billion.
- The entire process will be administered and looked after by the London investment group and Dolfin.
What Is Vostok?
For those of our readers who might not be aware of Vostok, it is essentially a blockchain platform (as well as a system integrator service) that has been designed for enterprise and government IT systems (by Waves)— so as to help them create the foundations for a number of “next-gen digital applications”.
The project came into existence during April last year and has since been tested by a number of major global organizations including ‘Sberbank’.
Lastly, it is also worth mentioning that since its introduction into the market, the Vostok project has already been able to find a number of financiers from Europe, Southeast Asia, and China.
More On The Matter
Late last year, Waves was able to successfully close its first investment round for $120 million — thereby sending the total valuation of the Vostok project to a staggering $600 Million.
On the usability and functionality of Vostok, Waves CEO Sasha Ivanov was quoted as saying:
“The private blockchain platform Vostok will combine technological developments and innovations we tested when building the international Waves platform, with the advantages of other end-to-end digital technologies such as Artificial Intelligence, Big Data analytics and the industrial Internet of Things. In each of our strategic markets, we are launching an integrator company, with the help of which an ecosystem of Vostok solutions will be built. Second round investors will provide us with, among other things, opportunities to enter new markets.”
In a recent interview with Denis Nagy, the CEO of Dolfin, he went on record to say that by joining forces with Vostok, his firm will now be able to “lure in” a wide array of big institutional investors, including a number of VC/mutual funds.