TechFlow reports on March 18 that, according to Fortune, crypto development platform Crossmint has raised a total of $23.6 million across its seed, Series A, and strategic funding rounds. The Series A round was led by fintech venture capital firm Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction. Touza stated that investors received equity rather than promised cryptocurrency.
Originally from Spain, Touza and co-founder Alfonso Gómez-Jordana Mañas are both engineers who built Crossmint to attract software developers. The platform offers a toolkit enabling programmers to integrate blockchain technology into applications more easily. This means developers don't need to master technical details such as launching programs on the Ethereum blockchain or creating Bitcoin wallets—instead, they can use shortcuts by connecting to Crossmint's API.
Touza said Crossmint's product is similar to another crypto development platform, Alchemy, but targets more traditional tech companies, fintech firms, and banks. "We serve many large institutions, while they focus more on startups," he said when comparing to Alchemy.
