Share this article
€7 Million: Blockchain Startup Stratumn Completes Series A
Blockchain startup Stratumn has raised €7m in a new Series A round as part of a bid to expand to new markets.
By Stan Higgins
Updated Sep 11, 2021, 1:25 p.m. Published Jun 8, 2017, 3:59 p.m.
Blockchain startup Stratumn has raised €7m in a new Series A round.
The round was led by CNP Ventures, the venture arm of personal insurance firm CNP Assurances. Nasdaq, Digital Currency Group and Otium Venture also took part in the round, which comes more than a year after it raised €600k in seed funding.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Paris-based startup said today that it would use the funds to fuel its expansion into the US, as part of a broader product push. Stratumn offers a platform for developing enterprise-level blockchain applications.
Richard Caetano, Stratumn's co-founder and CEO, said in a statement:
"We are very pleased to have successfully closed this Series A round, which represents a major milestone for Stratumn. Our new investors will enable Stratumn to continue and accelerate its development and more effectively address growing needs in our markets."
It's also the first major foray into blockchain for CNP, a major insurer in France which also serves markets elsewhere in Europe and Latin America.
In statements, the insurer noted that its investment in Stratumn forms part of a strategy of investing in startups. CNP has committed €100m to that end, and its participation represents the fourth startup investment it has made since launching the initiative.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Stratumn.
Image via Startumn
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
