Ethcore Raises $750,000 in Pre-Seed Funding to Bring Ethereum to Enterprises

Ethereum development startup Ethcore has raised $750,000 in pre-seed funding. The company was founded by Gavin Wood , one of the founders of Ethereum and former CTO of Ethereum.

Ethcore said the purpose of this round of financing is to develop a product of the company. The company hopes that this product can be evolved into enterprise use. Blockchain Capital and Fenbushi Capital participated in this round of financing.

Wood said the funding will help Ethcore move toward version 1.0 of its ethereum client, Parity, and help it create new development libraries that will help the growing number of enterprise companies seeking to use the ethereum platform for private and joint projects.

Gavin Wood

Wood told CoinDesk:

“We are excited to have secured this funding so we can begin investigating how to make Ethereum ready for enterprise use.”

The fundraising comes at a time when blockchain venture investors are increasingly excited about opportunities in the Ethereum ecosystem, a factor that Wood said made his company’s latest round of funding so noteworthy.
He said:

“We really want to be able to provide venture capital firms that don’t have a lot of exposure to Ethereum with a way to get into the Ethereum ecosystem and increase exposure for the company.”

Many venture capital firms that focus on bitcoin and blockchain startups are now evaluating whether Ethereum startups are worth investing in.

Original: http://www.coindesk.com/ethcore-750000-ethereum-enterprise/
By Pete Rizzo
Compiled by: Kyle
Source (translation): 8btc Information (http://www.8btc.com/ethcore-750000-ethereum-enterprise)