Billon Group, a UK-based developer of enterprise distributed ledger technology, completed a series A round featuring financial technology producer FIS yesterday having secured more than $6m.
The round was led by Billon’s newly appointed chief executive, Wojtek Kostrzewa, and included Rising Tide, Mencey Capital, VCF III and unnamed existing backers and angel investors.
Founded in 2015, Billon has created a blockchain-based software platform that brings together national currency transactions, identity and document management. It said it has now raised more than $16m in equity and grant funding.
Kostrzewa said: “Series A funds will be used to scale existing use cases, respond to many new clients and to begin preparation for opening the platform further for third-party developers and commercial partners.”
