Blockchain Startup Raises $9.2 Million In Series A Funding

CoinList, a technology platform to connect accredited investors with deeply-vetted blockchain projects, closed $9.2 million in its initial fundraising round. Among its investors is a group of the industry’s most notable cryptocurrency funds: Polychain Capital, Digital Currency Group, FBG Capital, Libertus Capital, Blockchain Capital, CoinFund, and Electric Capital.

According to the company, CoinList’s infrastructure handles some of the most technically difficult and time-consuming components of a token sale, freeing clients to focus on the potential of their business models and technology. Its culture of compliance supports its ComplyAPI services, allowing companies to seamlessly conduct Anti-Money Laundering–Know Your Customer (AML–KYC) checks on potential investors, as well as verify the accreditation status of investors pursuant to US securities laws.

The company plans to use the funding to grow its compliance, operations, engineering, product, and sales teams; support existing product offerings; and launch new product lines.