Aditya Hadi Pratama · · 1 min readAnimoca Brands investor leads $10m round of a Web3 pioneer
ChromaWay, a Sweden-based blockchain startup, has raised US$10 million in a funding round led by True Global Ventures (TGV).
(From left) ChromaWay founders Henrik Hjelte, Or Perelman, and Alex Mizrahi / Photo credit: Chromaway
ChromaWay’s main offering is Chromia, a platform that combines blockchain with relational databases. It helps developers build decentralized apps for various sectors, such as finance, gaming, and property.
The platform has been used in the creation of popular metaverse games, such as My Neighbor Alice and Mines of Dalarnia. In 2017, it powered a pilot test to put land records in India into a blockchain.
The company was founded by Alex Mizrahi, Henrik Hjelte, Or Perelman, and Iddo Bentov in 2014, making it one of the pioneers of blockchain or Web3 technology.
“We believe that Chromia can become the blockchain standard for gaming applications,” said Dusan Stojanovic, founding partner of the TGV 4 Plus fund, which invested US$5 million in this round.
See also: The unique blockchain fund with 40+ partners, including PropertyGuru and Zopim founders
Last September, True Global Ventures raised more than US$100 million for its TGV 4 Plus fund, which has invested in companies such as Animoca Brands, a Hong Kong-based blockchain gaming unicorn.
Editing by Collin Furtado and Lorenzo Kyle Subido
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