Austin-based Factom Raises $8 million in Venture Capital

Factom, a blockchain technology company, announced Tuesday that it has closed on $8 million in funding.

The Austin-based startup closed its Series A round with additional investment from Peeli Ventures, Harvest Equity and a number of Austin investors.

In October, Factom announced it had closed its Series A round with $4.2 million in investment from Draper Associates, Stewart Title, Overstock, Fenbushi Capital, and Plug & Play.

Factom also just recently launched its mortgage product, Factom Harmony.

“The Factom Harmony launch was such a resounding success that we extended the Series A round for additional investors,” Peter Kirby, Co-founder and CEO of Factom said in a news release. “We’re very appreciative of our early investors who doubled-down on their participation and the new investors who are helping us strategically extend our reach.”

Factom creates software and systems that are secure and shareable through the power of innovative blockchain technology.

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