What does BlockSpaces do?
BlockSpaces is a Tampa-based company offering Bitcoin-native infrastructure that supports capital markets with programmable financial solutions. Its flagship platform, ARCC, enables institutions to automate high-volume Bitcoin-backed contracts and manage collateral and risk natively using Bitcoin.
How much did they raise?
The company secured $2M in Seed funding, led by Axiom with participation from Leadout Capital, Sand Harbor Capital, Lisa Hough of Eberly Energy Ventures, and Bob Burnett of Barefoot Mining. This round brings its total raised funds to $10M.
What are their plans for the money?
With the new funds, BlockSpaces plans to expand its operational capabilities and accelerate development efforts, potentially enhancing its market position by further automating Bitcoin-backed financial contracts for institutions.
What have they achieved so far?
BlockSpaces has already made significant progress with its ARCC platform and the recent addition of two new Board of Directors members, Chris Sullivan and Anders Larson, which underscores its growing influence in the financial technology space.
