Sovren Secures $1,150,000 to Launch Regulated Securities Platform

Sovren announced on Friday 7th of December, 2018, that it has raised $1,150,000 through a Seed funding round, which was led by Chaintechplc a leading Blockchain fund and incubator based in London.

This follows their successful Seed Round from 2 key Institutional players in Blockchain, NextGenFund and BFG from Switzerland and South Korea respectively.

Sovren, a challenger in the Security Token Issuance (STO) and Trading Market, is on a mission to fundamentally change the way traditional capital funding and Initial Public Offerings (IPOs) operate today.

Through adoption of Blockchain technologies, automating business processes through Robotic Process Automation (RPA) and Artificial Intelligence, the cost and timescales for funding will be significantly reduced whilst access to investment products will be made available to an audience of investors that to date has not had the opportunity to invest in these new innovative products, such as asset management.

More here.