Although securing private funding has proven a difficult path for many Australian tech companies, Bluechain has continued to fund its development from private and institutional sources. In doing so, Bluechain is following a path more commonly seen in Silicon Valley start-ups, in which IPO and trade sale options are pushed further down the timeline, allowing seed investors to maximize return…
The latest funding round has just closed for $3 million, once again, fully subscribed, putting the company in a strong position to complete the market trials and launch the product in Australia and international markets. The first market trial kicks off in July in Tasmania with Bluechain partner bank MyState, with the launch planned sometime in 2017. This has been…
The Board is pleased to announce that the initial share offering to raise $1.5 million has been fully subscribed. This enables the company to establish an office in Melbourne, appoint core development staff, and fund operating costs until mid-2016. The shares were allocated on a first-come-first-served basis until the initial offering of shares was fully subscribed. This initial seed funding…