BTL , the Level39 member, listed on TSX Venture Exchange and operating from both Canada and Level39, has announced the closing of a round of financing valued at $15.3m Canadian dollars.
The round closed on November 23, combining both brokered and non-brokered private placements raising a gross total of approximately C$15.3m.
The capital raised will be used by BTL to build its platform, technical team and begin a sales and marketing drive in conjunction with the launch of the platform planned to go live in early 2018.
“We are delighted to have completed this funding round, where we saw significantly increased investor demand given the recent progress and exciting news from the Company. The capital will be used to rapidly expedite our go to market strategy for our third generation blockchain platform, Interbit.” said Dominic McCann, CEO of BTL.