The startup now seeks to leverage the strength, experience, and dedication of its technology and team to position its products to benefit as many stakeholders in the industry as possible.
As the company announced, the funding round was led by Equity and its partners, including the founders of Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund, Circle, and Bitpanda.
Tatum has evolved into an integral service provider for the blockchain ecosystem, helping multinationals and start-ups easily bring blockchain-based services to market. With over 90,000 tool and product users since its launch in 2018, his Tatum is arguably a major enabler for most blockchain developers.
Jiri Kobelka, co-founder and CEO of Tatum, stated that “Blockchain has proven fundamental to the tremendous growth and broad innovation of digital banking and Web 3.0.” Tatum is the first business to directly address the difficulties, specialised technical knowledge, and protracted development timeframes that blockchain applications entail. By cutting the time it takes to develop blockchain applications from months or years to just a few days, we have transformed the industry.
Tatum is not a newcomer to the venture capital sector as it has previously accessed $8 million in investment. At the time, Tatum used these funds to finish the construction of its platform and begin luring consumers.
The Tatum protocol’s innovative development has forced the firm to overcome new challenges as it attempts to carve out a space for itself in the cutthroat Web 3.0 market. With its advancements, it was acknowledged as a component of Berkeley SkyDeck in 2021, becoming one of the 16 startups among the thousands of applicants.
Tatum will use the funding to capitalise on its competitive advantage.
With the infusion of $41.5 million, Tatum plans to step up its marketing efforts, advance its educational programmes, and focus more on community building to strengthen its reputation.
The startup is now trying to position its service in a way that can assist as many industry stakeholders as possible by leveraging its technology as well as the power, experience, and dedication of its team. It wants to enhance this record and provide a pleasant service to all of its clients with the protocol, which is known to accelerate the rate of developing and deploying Web3 applications by 95%.
According to Samuel Sramko, co-founder and chief technology officer of Tatum, “by accelerating the development process, Tatum is enabling firms to deploy finished blockchain applications into production with an incomparably faster time to market.” “The importance of blockchain to Web 3.0 and its future cannot be overstated, and Tatum is profoundly transforming not only the robustness but also the velocity of development, making it easier to implement more complicated functionality even without a high level of technical experience.”
The product of the business is used widely, and the startup onboards up to 7000 new clients each month.