According to a blog post by the US tech company TechCrunch, the Swiss blockchain startup Amun AG has taken in a financing round about four million US dollars in venture capital.
As the startup announced in its own PR release, investors include many notable personalities including Adam Draper, founder of Silicon Valleys Boost VC, ETFS Capital founder Graham Tuckwell, Hard Yaka co-founder Greg Kidd and four family offices.
What the new fund will be used for
In addition, Hany Rashwan, CEO and co-founder of Amun, explains in the announcement what the new funds will be used for:
“We want to use the resources to continue investing in our technical infrastructure, launching additional exchange traded crypto tracking products with more strategies in different regions, and helping others bring crypto assets to the public market.”
Traveling in November 2018, Amun made headlines when the crypto startup launched the world’s first crypto based Exchange Traded Product and was listed on the SIX Swiss Exchange. At the beginning of March this year, the company launched an Ethereum based ETP, which was also listed on the SIX Stock Exchange.
Also published on Medium.