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Realblocks Closes $3.1 Million Seed Round, Morgan Creek Digital among Backers

Realblocks Closes $3.1 Million Seed Round, Morgan Creek Digital among Backers

On January 25, 2019, blockchain-powered real estate tech platform RealBlocks announced the close of their $3.1 million seed round. The funding round was led by Science, Inc. with support from Zelkova Ventures, Cross Culture Ventures, Morgan Creek Capital, and Ulu Ventures.

The Ethereum-Based Real Estate Platform

Founded in 2017, RealBlocks is a New York-based real estate investment platform powered by blockchain technology. It allows for fundraising and investing in real estate.

Ethereum-based RealBlocks basically tokenizes shares of private equity funds. This allows real estate sponsors to sell shares to both domestic and international investors, accept digital and fiat currency, and enable peer-to-peer trading via a bulletin board.

The founder and CEO of RealBlocks, Perrin Quarshie, indicated optimism about the part the company could play in the future innovation in real-estate. He said:

“With the support of our strategic investors, we’re accelerating development of our product and adoption of blockchain technology for real estate, an industry that previously hasn’t seen much innovation. This is a great opportunity to improve the investment experience for both sponsors and investors while also minimizing friction throughout the entirety of the process.”

Successful $3.1 Million Seed Round, Prominent Backers

RealBlocks announced on January 25, 2019, that it had procured a $3.1 million through its latest seed funding round. This was led by Science, Inc. and joined by investors including Zelkova Ventures, Morgan Creek Digital, Cross Culture Ventures, and Ulu Ventures

Founder and partner of Morgan Creek Digital, Anthony Pompliano shared his belief about the business model of RealBlocks: “One of our core theses at Morgan Creek Digital has been that every stock, bond, currency, and commodity will be tokenized at some point in the future. RealBlocks has developed a solution that is going to help the best players in the real estate industry join the blockchain revolution.”

The co-founder and managing director of Science Inc., Greg Gilman also explained their positive stance about RealBlocks, “We believe that the real estate market, like nearly all asset classes, will be increasingly data-driven and digitized or digitally native. This use of blockchain technology has real-world benefits that perfectly align with our investment model.”

Interestingly, many of these backers have a history of investing in other blockchain initiatives. For instance, Morgan Creek Digital had been a part of the investment round of BlockFi, a startup that offers U.S. dollar loans against crypto collateral. Meanwhile, Science, Inc. has invested in more than 70 other companies, including Dollar Shave Club, DogVacay and HelloSociety.

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Realblocks closes $3. 1 million seed round, morgan creek digital among backers

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Published at Sun, 27 Jan 2019 21:00:57 +0000

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Snovio Brings Blockchain to Implement an Innovative Approach to Lead Generation and Sourcing

Snovio, a lead generation and sourcing platform, announces its Token Sale starting 3 October 2017 to raise $15 million to make a pivot towards the innovation the lead generation market needs.

[Note: This is a press release.]

Snovio

Snovio Minimum Viable Product

Snovio released the platform’s beta version in April 2017. Since that time, Snovio has built the database of 400,000 unique B2B leads and extended the service functionality with the following features:

  • Email Verifier that checks email addresses to ensure that the email list is valid and bounce-free.
  • LinkedIn Email Search used to find and save emails and more valuable data of LinkedInners.
  • Domain Search and Bulk Domain Search through which the users can extract emails along with names and job positions from various domains. It is reinforced with Prospect Search, Company Search and Linker (boolean search) being extremely handy when it comes to leads in specific fields.

Improvements and Innovations Ahead

As stated by Alexis Kratko, Snovio CEO and Founder, the platform aims to facilitate the process of lead generation and sourcing for all possible seekers of information. To do that, Snovio is going to transform the established methods of lead generation into the new decentralized one, power the platform by Blockchain and embed the smart contract.

  • Decentralized Search

Snovio’s crowdsourcing data collection technology will be based on a decentralized network of an unlimited number of contributors who will add new data to the system and update already existing information using Snovio Chrome Extension. The platform will reward data suppliers with SNOV tokens in the amount of 70% of the sold lead cost. Thanks to blockchain technology and smart contract, Snovio contributors will explore the transparent and fair revenue distribution model.

  • Marketplace

After the Token Sale, the platform will evolve into a Marketplace. A customer will place a data supply order and set a reward in SNOV tokens for the order fulfillment. A contributor or several contributors, being interested in receiving a reward, will perform a data search and submit the collected data back to the customer who will verify them and accept the order. After this, the contributors will receive the reward.

  • Mailing Service

Aside from working on data enrichment techniques, the team is also developing a mailing service that will enable the customers to create and launch an email campaign and automated triggered email series.

Upcoming Token Sale

A total of 2,5 billion SNOV tokens based on Ethereum blockchain will be generated and capped, and 60% of them will be available for purchase within 30 days from the token sale launch date. The success threshold is set as $5 million USD, while the hard cap – $15 million USD.

Pre-sale through the White List is already live and will continue till 2 October 2017.

Learn more about Snovio and upcoming Token Sale at:

Official website: https://tokensale.snov.io/

White Paper: https://tokensale.snov.io/docs/WhitePaperEn.pdf

Twitter: https://twitter.com/snovio_ico

Telegram: https://t.me/snovio_ico

Reddit: https://www.reddit.com/user/Snovio_ICO/

Bitcointalk: https://bitcointalk.org/index.php?topic=2111272

Facebook: https://www.facebook.com/ICOsnovio/

Medium: https://medium.com/@ico_snovio

Images courtesy of Snovio

The post Snovio Brings Blockchain to Implement an Innovative Approach to Lead Generation and Sourcing appeared first on Bitcoinist.com.

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