This funding is aimed at development of “ACCEL BaaS” (https://accel-baas.io/) (*1) which supports blockchain application development and acceleration of creating new distributed startup ecosystem.
TECHFUND recognizes the current increasing expectation for blockchain technology and its solution such as Dapps, DEX (Decentralized Exchange), ICO(*2), STO(*3) as a favorable opportunity of producing new entrepreneurs support system.
Starting from “ACCEL Baas”, TECHFUND will focus on research and development of products which will back up marketing and funding of startups.
It includes promoting blockchain technology to function properly and be common in various products and businesses, and planning “Entrepreneur support ecosystem in the new era” which covers funding platforms of currently no best practice such as ICO or STO.
*1 BaaS: Blockchain as a Service, which means to a cloud service providing blockchain functions in application development.
*2 Initial Coin Offering: A funding method with cryptocurrency using utility tokens.
*3 Security Token Offering: A funding method with more secured tokens.
Cooperation with the corporate investors enables blockchain related new businesses using ACCEL BaaS. Professional advisory from angel investors comprises suggestion about the new ecosystem of supporting entrepreneurs and efficient usage of TECHFUND’s progressive technology, which leads the society to step up to the next phase.
■ Comments from investors
Star Fragments LLC
■ Corporate summary
Corporate name: TECHFUND Inc.
Location: 2-11-8 Higashi Shibuya-ku, Tokyo
Establishment date: October 9, 2014 (Tech Day)
Capital: $ 1.2 million (as of July, 2018, Including capital reserves)
CEO: Peaske Kawahara, Yuta Matsuyama
Business description: Technology investment programs for entrepreneurs, innovation programs for large companies, development of blockchain cloud service, ICO related businesses.
TECHFUND Honeybee Press Room
"Entrepreneur is the coolest job!"
Ⓒ 2018 TECHFUND inc.