Grayspace Investments announced its second round of funding Thursday, with $10m being added to its existing fund.
Grayspace, a San Francisco-based blockchain investment firm, plans to use the new funding to scale up its offerings in areas such as equity, software, and software-as-a-service (SaaS).
The company says it has raised more than $25m from over 20 angel investors and a number of large-name institutional investors.
Grainspace is aiming to be a global, scalable, and high-performing investment platform for startups and blockchain startups alike.
The company said it will use the additional funds to scale its offerings and hire additional employees.
The investment is a sign of the increasing importance of blockchain technology in the startup ecosystem, and the potential of the technology to deliver faster, more secure, and cheaper returns.
Grades, an educational platform focused on digital learning, raised $10.6m in its first round of financing in October, and recently announced a new round of $10,000 seed funding.
Grades CEO Andrew Sperling said the addition of $5m to its Series A is a “significant boost” to the company’s efforts to expand the scope of its education offerings.
Gramespace said it aims to bring “significant benefits” to users in the coming months and years, and is working to create a suite of “new products and services” that will help its users gain access to its platform.
Grimespace has not announced pricing for its services, but said it plans to offer “a range of cloud-based educational products, including digital learning solutions.”
In a separate announcement, Grayscape announced it will be raising additional funding through a new venture fund, the John Hancock Investment Company.
The investment comes after Grayspaces initial funding in April.
John Hancock Investments is the investment arm of the John H. Hancock Company, a publicly traded investment firm that owns more than 80% of the market capitalization of the company.
The firm is also an investor in Grayspac, a digital payments company.
Grangespac was founded in April 2018 and aims to deliver a new suite of services for digital education customers.
It is also working on new products, according to a statement on the company website.
Griftspac says its products will help students earn credits towards the completion of their degree, which are then matched with access to Grayspeac’s digital learning platform.
John Hancock Investments will use Griftspac’s funds to fund the development of new products and the hiring of additional employees, according the statement.