Yahoo Japan’s YJ Capital unit was among the investors in a $27.9m round for the blockchain technology provider that will go to improving its products and hiring talent.
Japan-based financial technology developer LayerX has raised ¥3bn ($27.9m) from internet firm Yahoo Japan’s corporate venturing unit, YJ Capital, as well as venture capital firms Anri and Jafco.
Founded in 2018, LayerX is working on blockchain-powered fintech tools intended to accelerate digital transformation (DX) efforts for private and public entities including large corporations and government agencies.
The round represents LayerX’s first external funding since a management buyout carried out in August 2019, according to The Bridge. The cash will be…
