Monday, April 2, 2018

Spring Labs Scores $14.75M For Blockchain-Based Credit Data

Los Angeles-based Spring Labs, a startup developing blockchain-based systems that let lenders, banks, and data providers exchange credit data, has raised $14.75M in a seed funding round, according to the company. The funding was led by August Capital, and also included Victory Park Capital, GreatPoint Ventures, Pritzker Group Venture Capital, plus Multicoin Capital, Wavemaker Genesis, and Jump Capital. The startup, led by Adam Jiwan, says it will use the funding to build the company's platform. The company's founders were part of the founding team and board of Avant, a fintech startup which developed a lending platform.