Elph, co-founded by UC Berkeley graduates, has raised $875,000 in a round backed by the House Fund.
US-based blockchain app marketplace Elph has secured $875,000 in a round backed by the House Fund, a VC firm backed by University of California (UC), Berkeley, TechCrunch has reported.
Digital currency exchange operator Coinbase also backed the round, as did unnamed angel investors.
Elph operates a marketplace for accessing cryptocurrency exchanges and decentralised apps, services which use the blockchain protocol to counteract interference by any single party.
The platform scans the internet for such apps in an attempt to provide a comparable experience to smartphone operating systems.
Elph also plans to roll out a software development tool to simplify the process of building decentralised apps.
Elph was co-founded by Ritik Malhotra and Tanooj Luthra, two graduates from UC Berkeley in electrical engineering and computer science. They previously worked on media cloud storage platform Streem, acquired by online file manager Box for an undisclosed sum in 2014.
Luthra, chief technical officer of Elph, said: “You log in, you see a bunch of decentralised apps, you click them and they open up. We have handled all the interfacing with the blockchain and done the heavy lifting in the background for you.”
