Blockchain developer platform Stratumn raises 600,000 euros, a first for the French Blockchain ecosystem

  • Based in Paris, the company Stratumn provides enterprise-grade tools which allows developers to easily leverage the features from both public and permissioned blockchains into their applications.

  • Offered as a PaaS model, the company has built a high-performance service which leverages the Bitcoin blockchain’s ability to store objective and verifiable proof-of-existence of data.

  • Stratumn is the first Blockchain startup in France to raise funding, which will allow the company to grow to a dozen people in 2016.

Paris, March 23, 2016 - Stratumn today announced that it has raised €600,000 in funding to build and promote their blockchain development platform. The round is being led by the French VC firm Otium Venture, and includes Business Angels such as Ledger CEO and Maison du Bitcoin founder, Eric Larchevêque. This initial round will allow the team of 5 to grow to 12 people this year and establish its position as a leading provider of Blockchain solutions in France and Europe.

Stratumn was founded by California-born software designer Richard Caetano, and Stephan Florquin, both deeply involved in the Bitcoin and Blockchain ecosystem since 2011. Previously, Caetano developed the popular Bitcoin ticker app btcReport, and recently published the book “Learning Bitcoin” (Packt Publishing). Florquin was previously Lead Developer at Paymium, a leading French bitcoin exchange.

Stratumn CEO Richard Caetano explains what lead him to start his company in Paris: “The fertility of the French tech startup scene, the quality of engineers and the support of public institutions, make France an ideal place to build a startup.”

The Blockchain protocol appeared in 2009 with the invention of the Bitcoin cryptocurrency. It allows for the creation of decentralized databases, which are infallible and transparent. At the cutting edge of computer science, Blockchain technology has the potential to disrupt a wide range of industry sectors, from finance, the public sector, health, industry and the arts.

Stratumn lowers the barriers to entry for enterprise developers to easily integrate the features of the Bitcoin Blockchain in their applications. Their platform delivers an API and a broad set of tools which enables features such as irrefutable proof-of-existence of digital documents, securing business processes, as well as digital asset issuance. Stratumn has developed an open standard called Chainscript for recording states of data and workflows, and leverages the Blockchain’s ability to store data fingerprints and create immutable and verifiable proofs of their existence. A Platform-as-a-Service (PaaS) offering, pricing is flexible and caters to independent developers to large enterprise.

“Stratumn offers a robust Blockchain development product, a first for the French market. Their PaaS platform opens up many opportunities for enterprise business process management, explains Éric Larchevêque, Ledger CEO.

“The Blockchain’s ability to create trust without a central authority has the potential to disrupt nearly every industry and many will start to question the legitimacy of actors whose sole purpose was to provide third party trust. It’s the final link in the Uberisation chain” adds Bruno Raillard, Partner at Otium Venture.

Currently in invite-only release, developers can start integrating the Stratumn API in their apps by visiting Stratumn.com and requesting an invitation.


About Stratumn

Stratumn is a PaaS (Platform-as-a-Service) offering which provide the middleware infrastructure layer for developers and enterprise to easily build blockchain-based applications, thus lowering the barriers to entry to this powerful technology. Started in 2015 by Richard Caetano, Stephan Florquin, François Dorléans et Sébastien Couture, Stratumn is the first blockchain application development product to be released on the French market. Stratumn allows its customers to use the power of the Bitcoin blockchain secure datasets and workflows. By leveraging “proof-of-existence” and smart contracts, business partners can more easily and efficiently work together with less risk and more transparency without depending on third party auditors and regulators. Stratumn aims to become a leading player in the European Blockchain services industry in the coming months.

Website: stratumn.com / Twitter: @StratumnHQ Press contact: Sébastien Couture, CMO - press@stratumn.com

About Otium Venture

Otium Venture invests from €500K to €3m in seed capital / Series A in web and mobile startups, with a particular focus on SaaS, marketplaces and innovative media models. Otium Venture has €50m to deploy and was created by Pierre-Edouard Stérin following the sale of LaFourchette (restaurants marketplace) to Tripadvisor. Otium Venture is a committed and hands-on investor with a long-term vision. Our portfolio includes several fast-growing European startups such as Shippeo (freight management SaaS), Balinea (beauty salons marketplace), Camping-and-co (campsites marketplace) and Octoly (Youtube influencers marketing SaaS).

Website: otiumventure.com / Twitter: @otiumventure Press contact: Bruno Raillard, Partner - bruno@otiumventure.com

About Eric Larchevêque and Ledger

A serial entrepreneur since 1996, Eric Larchevêque has founded many companies in France and Europe, including Montorgueil, Prixing, and La Maison du Bitcoin. He is the CEO of Ledger, the leader for Trusted Hardware solutions applied to Blockchain technologies. Combining a strong expertise of security, smartcard, cryptography and embedded hardware, Ledger has been releasing a full suite of security solutions to answer the needs of the Blockchain industries (HSM, TEE integrations). Its first product, the Ledger Nano, first smart card based Bitcoin wallet, has been sold in more than 100 countries. Founded in 2015, Ledger is headquartered in Paris with offices in San Francisco.

Website: ledger.co / Shop: ledgerwallet.com / Twitter: @LedgerHQ Press contact: Vanessa Rabesandratana - hello@ledger.fr