Circle Ventures, a venture capital firm, has announced its backing for the $4-million seed extension round for Obligate, a blockchain-based debt provider. The investment will provide Obligate with the capital it needs to develop its product, which uses blockchain technology to facilitate debt transactions, media reports said.
Obligate is a blockchain-based debt provider that enables users to create, track, and settle debt transactions quickly and securely. The platform uses blockchain technology to provide users with an easy-to-use, secure platform for debt transactions. Obligate also provides users with access to a range of financial services, such as credit scoring, risk management, and smart contracts.
For Circle Ventures, which has invested in a range of early-stage startups, Obligate is the latest investment. The firm has invested in companies such as Avant, a consumer lending platform, and DroneDeploy, a drone-based mapping platform.
The investment in Obligate is an important step for Circle Ventures as the firm looks to invest in innovative companies that are using blockchain technology to revolutionize existing markets. The investment is a sign that Circle Ventures is committed to investing in startups that are using blockchain technology to create new markets and disrupt existing ones.
Overall, the $4 million investment in Obligate is a sign of Circle Ventures’ commitment to investing in innovative companies that are using blockchain technology to revolutionize existing markets. The investment also provides Obligate with the capital it needs to further develop its product and expand its reach. With the backing of Circle Ventures, Obligate is well-positioned to become a leading blockchain-based debt provider.
