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$ 12 million raised for a blockchain startup

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October 20, 2017 | 

1518 Views | 

Joanna Newman | 

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$ 12 million raised for a blockchain startup




This blockchain start-up is called DOVU, it is financed by Jaguar Land Rover, and it has raised a total of 40,000 Ether through an ICO (initial offer of parts), which represents about $ 12.5 million.

The sale of tokens had been divided in two, one part in presale and another in public sale.

The Jaguar Land Rover investment company, InMotion Tentures, had already invested in the startup, and was supported by the UK government.

In addition, she also bought a stake in the company.

What are the goals of DOVU?


The startup wants to create a platform where users can send weather data and traffic information, and receive in exchange for cryptocurrency "Dov".

As a result, the platform should collect as much information as possible for the devices connected to the network.

The startup explained that the ICO was the beginning of a long process that set up the DOVU team.

DOVU CEO Irfon Watkins said:

"In the coming months, we will announce exciting partnerships and protocol developments. We are going to hire the best blockchain talent, so if it's you, grab us on the fly. Now, hard work has begun. "

Since the beginning of the year ICO fundraising has been very popular and over $ 2.5 billion has been raised.

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