Blockchain Company Coinigy raises Angel Round of $400,000

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Blockchain company  Coinigy, a provider of digital currency trading tools, said it has raised a seed round of $400,000 from one angel investor.

“Coinigy offers a one-stop trading platform for digital currency traders. Digital currencies circulate independent of a central bank and use encryption techniques to regulate the generation of units and verify the transfer of funds. The company has revenue and nearly 400 paying users,” said Derek Urben, head of business development.

Coinigy, which is based in Milwaukee, will use the funding to further develop its trading platform, Urben added.

“We’re building a strong brand and we hope investors will look at it and say ‘this is the one-stop shop you need.”

Coinigy provides currency traders, individuals, and companies with software tools, a unique database, and services that help them trade  digital currency and other digital assets. It aggregates trading and historical data, news feeds and other information from about 50 exchanges around the world to help investors can do things like bet on the price of Bitcoin or trade gold in Ether, the currency at the heart of the Ethereum platform launched earlier this year.

Coinigy was founded in 2014 by Robert Borden, its chief executive officer, and William Kehl, its president. Both have computer science technology backgrounds. The company earlier this year won the University of Wisconsin-Milwaukee’s 2016 La Macchia New Venture Business Plan Competiton and an $8,000 first prize in March.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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