Home Cryptocurrencies & Blockchain US-based SaaS startup Cion Digital raises USD 12 million in seed round

US-based SaaS startup Cion Digital raises USD 12 million in seed round

US-based Cion Digital, a Blockchain Orchestration Platform providing financial institutions with new financial solutions and connecting their older systems with decentralized economic systems, raised USD 12 million in seed round on 4th January 2022.

Investors: The investment round was led by Green Visor Capital and 645 Ventures. Several other investors, including Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft, and Ulu Ventures, also participated.

Purpose of funding: The startup will expand its R&D resources and develop crypto financing and payment solutions tailored to big-ticket retailers and financial services companies. It will also improve the Blockchain Orchestration Platform for use in other industries.

About Cion Digital

Founded in 2021 by Arpit Agrawal, Fred Brothers, and Snehal Fulzele, Cion Digital is located in Austin, US. Cion Digital is a Blockchain Orchestration Platform providing financial institutions with new financial solutions and interconnecting their older systems with decentralized economic systems. Despite the growing mainstream adoption of cryptocurrencies, legacy technology-based businesses and financial institutions are still struggling to adapt to the complexities of this rapidly changing market for digital assets. By providing a solution to this issue, the startup can smoothen the operations.

What the founders have to say

“Established businesses are struggling to understand crypto and decide when and how to embrace it. It’s a significant challenge to quickly and effectively embed crypto in their legacy products and services”, said Fred Brothers, Co-Founder and President at Cion Digital.

“Without Cion Digital’s Blockchain Orchestration Platform, existing businesses can take months or years – and spend significant up-front investment – to gain knowledge, acquire resources, and begin delivering crypto solutions. Since the crypto ecosystem is evolving so fast, without the right help and expertise, it’s like trying to hit a moving target.”

“It has always been a passion of mine to be able to make financial services more inclusive,” said Snehal Fulzele, Co-founder and CEO at Cion Digital.

“Connecting traditional business to blockchain technology allows us to do this by creating a way for people with assets held outside of traditional banking relationships to grow their portfolios and borrow against those assets when they otherwise would be unable to.”

What the investors have to say

“We are excited to partner with this uniquely qualified team on their mission to help businesses grow by being able to seamlessly connect to the evolving digital asset economy,” said Simon Yoo, Founder and Managing Partner at Green Visor Capital.

“Cion Digital Co-Founders Snehal Fulzele, Fred Brothers, and Arpit Agrawal have deep knowledge and experience in both traditional finance and the rapidly-growing blockchain and crypto sectors, as well as a track record of building successful FinTech companies,” said Nnamdi Okike, Co-Founder & Managing at Partner 645 Ventures.

“We are very impressed by the platform’s technological innovations that will enable traditional businesses to deploy and benefit from crypto-based payments solutions previously unavailable to them.”


 For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.

We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Article

Previous articleIndia based AI-enabled Healthtech startup AarogyaAI raises USD 700K in seed round
Next articleUK-based fintech startup CellPoint Digital raises USD 25 million in the latest round
Varun Nath writes about the startup ecosystem on VC Bay. A student at Delhi University, he is pursuing a Bachelor of Commerce degree. In pursuit of exploring the world of finance and technology. You can reach him at varunnath155@gmail.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here