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27 January 2020 - Innovation

KPN Ventures provides growth capital to SettleMint

Rotterdam, 27-01-2020 - KPN Ventures, the venture capital investment arm of KPN, announced today it has participated in the €1.9M investment round of SettleMint, a Blockchain Platform as a Service company.

SettleMint, based in Leuven (Belgium), has built a low code and infrastructure agnostic blockchain platform for enterprise grade blockchain use case development and deployment. This enables organisations and consortia to simplify the development of blockchain applications and increase time to market with a reliable, scalable foundation to build upon. This saves time across the blockchain use case lifecycle and provides greater organisational flexibility. The SettleMint APIs (CertiMint) has been integrated in the KPN API Store, making blockchain functionalities accessible to developers using this marketplace.

In addition to KPN ventures, the existing US investor Medici Ventures participated in the €1.9M financing round. The investment brings SettleMint’s total funding to €5,5 million. The growth capital will be used to further accelerate the international expansion and commercialisation of SettleMint's award winning enterprise blockchain solution in Europe, MEA and APAC.

About KPN Ventures
KPN Ventures is the venturing arm of KPN, The Netherlands’ leading telecom & ICT company. KPN Ventures aims to build value-creating partnerships with innovative European technology companies, accelerating innovation and growth by providing access to capital, industry expertise, technical infrastructure, professional network and channels to customers. It focuses on direct and indirect (fund-in-fund) early-stage investments in the segments: Networking Technology, Cyber Security, Internet of Things, Smart Home, Digital Healthcare, Video/OTT, Cloud and Data/AI. It has investment in companies, amongst other: Viloc (BE), Sentiance (BE), Zecops (ISR), Cloudify (ISR), EclecticIQ (NL), Cybersprint (NL), Wirepas (FI) and Actility (FR). KPN Ventures has its main office in Rotterdam, The Netherlands. www.kpnventures.com