Blockchain Startup Factom Raises $8 Million in Extended Series A

Blockchain startup Factom has finished raising just over $8m as part of an extended Series A round.

AccessTimeIconApr 18, 2017 at 6:26 p.m. UTC
Updated Sep 11, 2021 at 1:14 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Blockchain startup Factom has finished raising just over $8m as part of an extended Series A round.

Last October, the firm said that it had raised $4.2m as part of the funding in an effort to raise capital ahead of planned product launches. Taking part in the round, according to AustinInno, include Harvest Equity and Peeli Ventures, along with several as-yet-unnamed local investors.

According to public records from the US Securities and Exchange Commission, Factom raised approximately $8,027,535 during the round.

Previously, the firm – which uses its own blockchain network to verify the the integrity of data – had raised $1.1m in a crowdsale conducted in mid-2015, before going on to raise about $400,000 in seed funding later that year.

Yet since its launch, the project has attracted its share of criticism, centered mainly at its crowdsale of a publicly traded token (known as factoids), as well as a headline-grabbing – but ultimately stalled – effort to partner with the government of Honduras.

In recent months, the company has moved to launch a new mortgage-focused product, dubbed Harmony.

Miniature coin stack image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.