Tatum is a company that has greatly simplified the development of blockchain applications. The company, which reduces the complexity and saves time when creating applications on the blockchain, recently announced that it has raised $41.5 million in funding to accelerate marketing and community building.
About The Investment
Led by Evolution Equity Partners, the investment included Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund, Circle Holdings and the founders of Bitpanda.
“Blockchain has proven essential to the explosive growth and broad innovation of digital finance and Web 3.0,Tatum is the first company to squarely address the complexities, necessary technological expertise and lengthy development times that blockchain applications require. We have revolutionized blockchain application creation by slashing development times from months or years of engineering time down to just days.” said Jiri Kobelka, co-founder and chief executive officer of Tatum.
After an initial investment of about $8 million, the company has developed its platform unabated and managed to attract the demand of customers ranging from Fortune 500 companies to new technology startups. Additionally, Tatum Company joined Berkeley Skydeck in 2021 as one of 16 companies accepted from dozens of applications worldwide and raised some funds from there. The company, which currently has a customer portfolio of over 90.000, adds more than 7.000 new customers to this portfolio every month. This fund, which Tatum has obtained, will be used for marketing, educational work and community building.
“By speeding up the development process, Tatum is enabling companies to bring finished blockchain applications into production with an immeasurably faster time to market. The blockchain cannot be understated to Web 3.0 and its future role, and the development of fundamentally changing not only the velocity but also the robustness Tatum business, so that more complex functionality can be accomplished more readily without even the highly technical expertise.” said Samuel Sramko, co-founder and chief technology officer of Tatum.
“Tatum stood out to Evolution based on its founders and their unique and highly disruptive technology platform. The company enables developers and large enterprises to leverage the blockchain to grow their business easier and exponentially faster. Tatum is driven by a world-class team, has a highly effective developer-driven acquisition model and has a proven ability to attract new logos and to expand existing customer revenue. We are very excited to join this team.” said J.R. Smith, partner of Evolution Equity Partners.
Tatum streamlines the entire Web3 development process, simplifying complex blockchain transactions into a single line of code. With powerful and smart pre-built contracts from common blockchain transactions, Tatum can reduce development time by up to 90% for unique features, from gas toll payment solutions, real-time alerts, virtual accounts, ready-to-use crypto exchange functions, and an unbreakable key management system.
About Evolution Equity Partners
Evolution Equity Partners is an international venture capital investor that partners with exceptional entrepreneurs to develop market-leading cybersecurity and enterprise software companies.
Headquartered in New York, Zurich and Switzerland, the firm is led by investment and technology entrepreneurs who built companies around the world and leverage their business, technical and product development expertise to help entrepreneurs win.