Blockchain startup Slash has secured $41 million in Series B funding, valuing the company at approximately $370 million. The round was led by Goodwater Capital, with participation from existing investors including 1confirmation, CoinFund, and Fenbushi Capital. The funding will be used to expand the company's team and further develop its platform. Founded in 2018, Slash provides a platform that allows companies to exchange between fiat currencies and cryptocurrency assets, as well as manage their various cryptocurrency assets. The company's platform is designed to make it easier for businesses to integrate cryptocurrency into their operations and manage the associated risks. The funding round comes amid a growing interest in blockchain technology and cryptocurrency among businesses. Many companies are exploring ways to use blockchain technology to streamline their operations, reduce costs, and increase efficiency. Slash's platform could help businesses take advantage of these benefits while managing the risks associated with cryptocurrency. The $41 million Series B round is a significant vote of confidence in Slash's business model and its potential to disrupt the cryptocurrency and blockchain space. With the additional funding, the company is well-positioned to continue its growth and expand its platform to serve more businesses. In addition to the Series B funding, Slash has also announced that it has hired a new Chief Technology Officer, Dr. John Wu. Dr. Wu brings extensive experience in blockchain technology and will be responsible for leading the company's technical development efforts. Overall, the $41 million Series B funding round is a significant milestone for Slash and underscores the growing interest in blockchain technology and cryptocurrency among businesses. With the additional funding and the hiring of Dr. John Wu, the company is well-positioned to continue its growth and expand its platform to serve more businesses.
