A16Z LEADS $45 MILLION RAISE FOR BLOCKCHAIN STARTUP OASIS LABS

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A16Z LEADS $45 MILLION RAISE FOR BLOCKCHAIN STARTUP OASIS LABS

Cloud computing startup Oasis Labs has successfully raised $45 million in a private token pre-sale to develop a blockchain platform aimed to rival Amazon Web Services. The sale, led by Andreessen Horowitz’s new A16z crypto fund, saw Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and Coinbase co-founder Fred Ehrsam all contribute, according to a press release. Most notably, this was A16z’s first investment since completing its $300 million raise last month, Oasis CEO Dawn Song told CoinDesk. Reed more on the website – Coindesk.

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The Crowdsale Network platform is based on the goal of supporting and implementing socially important projects to improve the quality of life of every person. With the advent of blockchain and crypto-currency technologies, it became much easier to attract investments into a start-up with the help of ICO than through venture funds. We are constantly looking for viable projects and are ready to invest all the necessary resources for their implementation. We have developed a unique algorithm for selecting start-ups and a phased financing mechanism that will avoid project scams and protect investors’ funds and our reputation.

The ICO means the release of tokens, and the crowdfunding is the target fundraising for the project, where the startupper does not offer investors tokens in exchange for money but something else. For example, he offers the product itself at a low price or a constant discount on all types of services of the creating business.

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