Social Initiative-focused Blockchain Firm Topl Attracts $15 Million
Blockchain-based solution for tracking and monetizing social performance initiatives Topl has recently raised $15M in a Series A funding round.
According to the press release, participants in the fundraising include Mercury, Republic Asia and Cryptology Asset Group.
Chris Jørgen, the company founder, has said that in 2020, $5 million was raised during the seed round.
The project helps businesses that seek to track products that comply with the principles of sustainable development and take into account the social impact.
Commodities can range from conflict-free diamonds to ethically grown coffee or fair-priced cocoa from a farmer.
Jørgen believes blockchain technology is very suitable for this purpose in new markets, with low trust of participants or with a large difference between them.