JumpStart, FlashStarts announce millions of dollars in funding for blockchain startups

JumpStart, FlashStarts announce millions of dollars in funding for blockchain startups

Technology funds in Ohio will make hundreds of millions of dollars available to blockchain startups, JumpStart CEO Ray Leach announced Sunday.

JumpStart, along with six other funds from across Ohio, plan to invest $100 million in early-stage startups that focus on using blockchain technology for business or government, like using the online ledger system to store government documents. FlashStarts, a local venture fund and business accelerator, also announced a $6 million pre-seed fund for blockchain startups.

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Story excerpt provided by The Plain Dealer.

Written by Emily Bamforth.

Originally published December 2, 2018.

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