Factom Raises $8M For Blockchain Document Technology

Austin-based Factom, which is developing blockchain technology that helps enterprises manage and track documents and contracts, has raised $8M in a Series A funding round, according to the company. The funding came from Draper Associates, Stewart Title, Overstock, Fenbushi Capital, Plug & Play, Peeli Ventures, Harvest Equity, and local Austin investors. The startup, led by CEO Peter Kirby, recently launched Factom Harmony, a blockchain-based document tracking system specifically for mortgage document management and compliance efforts. More information »