Tatum receives $41.5 million in funding to accelerate the growth of a unique blockchain development platform, increasing time to market for digital finance and Web 3.0 applications
Tatum reduces blockchain complexity and development
from months or years of technical time to days
LONDON and MIAMI, 12 October 2022 /PRNewswire/ — Tatum, the company that drastically simplifies the development of blockchain applications, today announced that it has received 41.5 million dollars in funding to accelerate marketing, education efforts and community building to reduce the complexity and time to market of creating blockchain-based applications critical to the digital economy and Web 3.0. The investment reinforces the company’s previous funding, and includes Evolution Equity Partners as lead, as well as Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund, Circle and the founders of Bitpanda.
“Blockchain has proven essential to the explosive growth and broad innovation in digital finance and Web 3.0,” said Jiri Kobelka, co-founder and CEO, Tatum. “Tatum is the first company to address the complexity, required technological expertise and long development times that blockchain applications require. We have revolutionized the creation of blockchain applications by cutting development time from months or years of engineering time down to mere days.”
Founded in 2018, Tatum is a global company, based in the UK and the US, and its product is already mature. The company has over 90,000 customers, with many blockchain applications live and in production environments today.
After initial investments totaling around 8 million dollars, the company quickly developed the complete platform and began attracting customers ranging from Fortune 500 companies to technology startups. Tatum also joined Berkeley SkyDeck in 2021 as one of 16 companies worldwide to be accepted from thousands of applicants and receive some funding as a result. The company already has significant momentum, and is currently welcoming over 7,000 new customers per month. The new funding is intended to accelerate its growth and global reach by investing in marketing, education efforts and community building.
The global blockchain technology market was valued at 592 billion US dollars in 2021 and is forecast to have a compound annual growth rate (CAGR) of nearly 86% from 2022 to 2030, and now finally 1.43 trillion US dollars, according to a report from Grand View Research. Blockchain has been a discussed topic at Davosand a 2015 World Economic Forum survey estimated that 10% of global GDP will be stored on blockchain by 2027.
The Tatum platform simplifies the creation of complex blockchain operations in single lines of application code, streamlining the entire Web 3.0 development process. From regular blockchain operations to those with powerful pre-built features like smart contracts, fee and payment solutions, real-time alerts, virtual accounts, right out of the box crypto-exchange functions and an unbreakable key management system, Tatum’s comprehensive and easy-to-use features can reduce development time by as much as 95%.
“By accelerating the development process, Tatum enables companies to bring finished blockchain applications to production with a tremendously faster time to market,” said Samuel Sramko, co-founder and chief technology officer, Tatum. “Blockchain’s role for Web 3.0 and its future cannot be underestimated, and Tatum fundamentally changes not only the speed of development but also its robustness, allowing more complex functionality to be more easily achieved even without the highly technical expertise.”
“Tatum stood out to Evolution based on its founders and their unique and highly disruptive technology platform,” said JR Smith, Partner, Evolution Equity Partners. “The company enables developers and large enterprises to leverage the blockchain to grow their business more easily and exponentially faster. Tatum is powered by a world-class team, has a highly efficient developer-driven acquisition model, and has a proven ability to attract new logos and to grow existing client revenue. We are very excited to join this team.”
About Tatum
Tatum offers the world’s first blockchain development platform to accelerate the creation of blockchain applications and enable greater functionality and higher quality. The framework contains 42 different protocols and integrates the use of APIs to fit into existing development processes. Tatum has over 90,000 customers and adds over 7,000 new ones per month. Created as a global company, Tatum was founded in Czech Republic and has its official headquarters in the United Kingdom, with a corporate center located in Miami, Florida and offices worldwide. For more information:
About Evolution Equity Partners
Evolution Equity Partners, based in New York CityPalo Alto, London and Zurich invests in fast-growing technology companies that help exceptional entrepreneurs develop market-leading companies. The firm focuses on cyber security and enterprise software markets where technology safeguards our digital world.
The Evolution partners have been founders, investors and senior operational managers in leading software companies around the world. Learn more at www.evolutionequity.com and follow us on LinkedIn and Twitter.
Media contact:
Ben Merritt
Merritt PR
[email protected]
(561) 715-9228
SOURCE Tatum Technology LLC
