• Fri, 23 Aug 2019, 05:26 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Blockchain startup DOVU seeks to raise £2M in Security Token Offering in April

Fri, 08 Feb 2019, 04:23 am UTC

Blockchain startup DOVU has announced its plans to schedule a Security Token Offering (STO) in partnership with TokenMarket in April 2019.

In its official release, the company said that it is seeking to raise £2 million in the form of a sale of tokenised equity, which will support further development of its platform and accelerate user growth. DOVU had previously raised £4.7 million in a token sale in October 2017.

The company was recently in news for its partnership with Go Ahead, and the recent launch of its consumer wallet.

"We've had great success launching our public wallet where users are earning DOV tokens, as well as signing a number of partner deals which will drive our platform forward. Given our strong position, we feel now is the right time to offer equity ownership to our growing community,” Irfon Watkins, Founder and CEO, DOVU, said.

“TokenMarket was crucial in ensuring that our first raise in 2017 was a success and we are pleased to be working with Ransu and Mikko's dedicated team once again to run our STO."

DOVU has also raised seed funding from Jaguar-Land Rover's investment subsidiary, InMotion Ventures and has been supported by Creative England, a scheme backed by the UK Government's 'Public Growth Fund'.

The STO will see TokenMarket issue DOVU’s equity in a tokenised format via a crowdfund and private placement memorandum on the TokenMarket investment portal. The company said that once it completes the FCA Regulatory Sandbox test, it will become “the first regulated retail STO by TokenMarket, making it the second raise of its kind to be carried out in the UK as well as one of the first STOs in Europe.”

DOVU is a blockchain-powered reward platform that aims to equip the transport industry with high-quality datasets. It seeks to create a secure blockchain-based marketplace for mobility data, sourced from a large number of users, who will be incentivized to submit data to the network with DOV tokens.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,412.80 (+2.60%)
  • Ethereum (ETH) $194.98 (+1.11%)
  • XRP (XRP) $0.276700 (+1.96%)
  • Bitcoin Cash (BCH) $313.04 (+1.35%)
  • Litecoin (LTC) $75.45 (+2.14%)
  • Bitcoin (BTC) $10,412.80 (+2.60%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft