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Venture Capital
blockwater.io

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Investments

7

Portfolio Exits

1

About BlockWater Management

BlockWater Management is a digital asset investment firmthat focuses on bringing blockchain-enabled projects to real-world applications.

BlockWater Management Headquarter Location

818, Seolleung-ro, Gangnam-gu 4F Wework

Seoul, 06014,

South Korea

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Latest BlockWater Management News

Rain Gains License to Operate Crypto Exchange in Bahrain

Jul 31, 2019

The demand in the region for crypto trading and Rain’s licensed platform also attracted investors’ interest. The exchange also secured $2.5 million funding round co-led by BitMEX and Blockwater, a digital asset fund based in Bahrain. Other well-known investors including Jimmy Song, Cumberland Minings’ Mike Komarnsky, and Aaron Lasher and Aaron Voisine, co-founders of Breadwallet. Suggested articles User Review: A Look at ParagonEX Dynamic’s Services Suite Go to article >> Commenting on the prospect of the exchange and the funding, Arthur Hayes, co-founder and chief executive of BitMEX, said: “BitMEX Ventures is devoted to encouraging greater global access to cryptocurrency trading as we start to see the maturation of cryptocurrencies as a legitimate asset class.” “As the first licensed cryptocurrency exchange in the Middle East, Rain has an unprecedented opportunity to tap into the incredible potential that cryptocurrency trading will bring to the region. We believe that Rain will bring greater diversification to Middle-Eastern traders with its exchange offering and experienced team, and we are thrilled to contribute to this defining moment.” The exchange is planning to utilize the fresh capital to expand its infrastructure, by strengthening the engineering needs and also investing in new technologies. Earlier this year, Finance Magnates reported that Bahrain was gearing up to introduce cryptocurrency regulation in the country. Also, in the neighboring UAE, Bithumb joined hands with Nvelop to start a crypto-fiat trading platform. Meanwhile, Seychelles-based crypto exchange BitMEX is reportedly facing an investigation in the United States by the Commodities and Futures Trading Commission (CFTC) under the suspicion for providing services in the country. Share this article

BlockWater Management Investments

7 Investments

BlockWater Management has made 7 investments. Their latest investment was in Protocon as part of their Seed VC on October 10, 2021.

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BlockWater Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/8/2021

Seed VC

Protocon

Yes

3

8/24/2020

Seed VC

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$99M

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10

8/24/2020

Unattributed VC

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$99M

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10

8/2/2018

Seed VC

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$99M

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10

6/27/2018

Series A

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10

Date

10/8/2021

8/24/2020

8/24/2020

8/2/2018

6/27/2018

Round

Seed VC

Seed VC

Unattributed VC

Seed VC

Series A

Company

Protocon

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Amount

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

BlockWater Management Portfolio Exits

1 Portfolio Exit

BlockWater Management has 1 portfolio exit. Their latest portfolio exit was Logos Network on September 27, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/27/2019

Acq - Fin

$99M

1

Date

9/27/2019

Exit

Acq - Fin

Companies

Valuation

$99M

Acquirer

Sources

1

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