BlockApps is a technology company.
BlockApps has raised $41.0M across 1 funding round.
BlockApps has raised $41.0M in total across 1 funding round.
BlockApps is a blockchain technology company specializing in programmable business networks and real-world asset (RWA) tokenization through its STRATO platform and Mercata marketplace. Founded in 2015, it enables enterprises to build private Ethereum-based blockchains for applications like supply chain traceability, digital ownership of assets such as whiskey casks, precious metals, carbon offsets, and collectibles, serving Fortune 500 corporates, governments, and industries including energy, agribusiness, and luxury goods.[1][2][3][4] The company solves problems of transparency, liquidity, and ownership transfer for physical assets by tokenizing them on blockchain, with key products like STRATO (launched as Blockchain-as-a-Service with Microsoft), TraceCarbon for CO2 management, and Harvest for agribusiness traceability, while raising ~$50M including a $41M Series A in 2022 led by Liberty City Ventures and others.[2][3]
BlockApps has demonstrated strong growth momentum through partnerships with all major clouds (Azure, AWS, Google Cloud), founding the Enterprise Ethereum Alliance, major projects like Bayer and Blockchain for Energy, and launching Mercata in 2023 to drive RWA trading, positioning it as an established startup with 25-50 employees and global reach.[1][2][3]
BlockApps was founded in 2015 by Kieren James-Lubin, who was running the pure research arm of Ethereum (CCRG) while pursuing a PhD in Mathematical Physics at UC Berkeley.[2][3] The idea emerged from Ethereum's early days, evolving into enterprise blockchain solutions; pivotal early moments include launching Blockchain-as-a-Service (BaaS) with Microsoft in 2015 and co-founding the Enterprise Ethereum Alliance, the world's largest open-standard blockchain organization.[1][2][3]
The company gained traction through Series A funding led by Fitz Gate Ventures with ConsenSys, Galaxy Digital, Fenbushi Capital, and Bloccelerate, followed by a $41M round in 2022 co-led by Liberty City Ventures and Morgan Creek, enabling expansions like TraceCarbon (2021), Harvest (2020), and Mercata (2023).[2][3]
BlockApps rides the RWA tokenization trend in Web3, bridging traditional assets to blockchain amid rising demand for decentralized finance (DeFi), supply chain transparency, and carbon tracking in a post-Ethereum Merge era.[3][4] Timing aligns with enterprise blockchain adoption, regulatory clarity on digital assets, and market forces like sustainability mandates (e.g., CO2 offsets) and liquidity needs for illiquid assets like collectibles.[1][3]
It influences the ecosystem by standardizing enterprise Ethereum via the Alliance, enabling governments (e.g., Reno's first U.S. city-run blockchain) and industries to integrate blockchain without public chain risks, accelerating hybrid Web2-Web3 commerce.[2][3]
BlockApps is poised to dominate enterprise RWA platforms, expanding Mercata with more asset classes and partnerships amid tokenized asset markets projected to grow exponentially.[3][4] Trends like AI-blockchain integration, regulatory tailwinds for RWAs, and energy sector decarbonization will shape its path, potentially evolving it into a core infrastructure player for digital ownership in a $16T real-world asset economy. As the pioneer turning "digital ownership real," BlockApps exemplifies how blockchain unlocks tangible value from physical assets.[3][4]
BlockApps has raised $41.0M in total across 1 funding round.
BlockApps's investors include Morgan Creek Capital Management.
BlockApps has raised $41.0M across 1 funding round. Most recently, it raised $41.0M Series B in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $41.0M Series B | Morgan Creek Capital Management |