Czech blockchain startup Tatum raises $41.5M in a Series A
- The Prague-based blockchain platform developer Tatum has raised $41.5 million in a Series A round to scale its product globally. The round was led by Evolution Equity Partners.
- Founded in 2018 by Jiri Kobelka and Samuel Sramko, Tatum develops a blockchain platform that incorporates 42 different protocols and integrates the use of APIs. It helps to simplify the creation of complex blockchain operations into single lines of application code, streamline the entire Web 3.0 development process, and to reduce development time by as much as 95%.
- Tatum has over 90,000 customers and adds over 7,000 new ones per month. It has its official headquarters in the UK, with a corporate center located in Miami, Florida, and offices around the world.
“The role of blockchain to Web 3.0 and its future cannot be understated, and Tatum is fundamentally changing not only the velocity of development but also the robustness, so that more complex functionality can be more readily accomplished even without the highly technical expertise,”said Jiri Kobelka, co-founder and chief executive officer of Tatum.
- The fresh round was led by venture capital fund Evolution Equity Partners, based in New York City, Palo Alto, London, and Zurich that invests in fast-growing technology companies focusing on cybersecurity and enterprise software markets.
- Tatum will use the capital to accelerate marketing, educational efforts, and community building for slashing the complexity and time-to-market of creating blockchain-based applications.