Luther Systems secures $1.5M from Firstminute for the ‘modular’ blockchain

Luther Systems, a London formed craving blockchain record startup founded in 2016 by a former Stanford PhD and ex-Tesla and Apple engineer, has cumulative $1.5m seed turn behind in a turn led by Firstminute Capital. The startup says it employs blockchain and intelligent contracts to solve formidable large-scale business inefficiencies opposite series of industries.

The association also has a horde of Angel investors. They embody Henry Ritchotte, former COO and house member, Deutsche Bank; Martin Bartlam, tellurian co-chair financial and projects, DLA Piper; Arnaud Massenet, first partner Net-a-Porter Group and LUMA; Serge Chiaramonte, former MD, Credit Suisse; Andrew Mullinger, co-founder, Funding Circle; Stephen Ciesinski, private financier and President, SRI International.

Firstminute collateral co-founder Brent Hoberman commented: “We’ve evaluated hundreds of investments in a blockchain space and trust that a exclusive modular infrastructure that Luther Systems are building sets them detached from a competition. Their record offers craving business a fastest, many secure and scalable track to streamline formidable business processes regulating distributed bill technology.”

Luther Systems formerly went by a Founders Factory fintech accelerator programme set adult by Hoberman and Henry Lane Fox, CEO, who now joins a board. It was co-founded in 2016 by Hossein Kakavand (PhD Stanford, ex-Funding Circle) and Sam Wood (an ex-Tesla and Apple engineer), Luther Systems.

Hossein Kakavand, Co-Founder and CEO, Luther Systems, says: “We are vehement to announce a projects we have been operative on over a subsequent few months, where a products are delivering genuine value to business-critical operations.” He says a association has built a law modular or ‘building block’ height that can be blending opposite opposite industries eg. health, govt, authorised etc.

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Posted by on Mar 8 2018. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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