Digital Asset Raises $120 Million Growth Round to Expand Daml Data Network
New funding enables Digital Asset to grow global team and make Daml the unified standard across systems of record
April 21, 2021
Digital Asset, the creators of the Daml multi-party application platform, announced today it has raised over $120 million in Series D funding from 7RIDGE and Eldridge.
Leading organizations across the world rely on Daml to transform disparate data silos into synchronized networks, eradicating latency and errors by guaranteeing consistent data. Digital Asset’s customer base includes organizations across financial services, healthcare and insurance, such as the Australian Securities Exchange, BNP Paribas, Broadridge, Change Healthcare, and Hong Kong Exchanges and Clearing.
Digital Asset will use this financing to continue to expand its team globally by 50% this year. The company will also enhance its product portfolio with a new interoperability protocol that enables data to seamlessly interact across blockchains and traditional databases, creating an interoperable data network across systems of record.
The company also announced that Carsten Kengeter and Veronica Augustsson of 7RIDGE have joined the Digital Asset Board.