Web3 company BLOCKSMITH completed the first phase of angel round financing, with SBI Group and others participating in the investment

Odaily News Web3 company BLOCKSMITH announced the completion of the first phase of angel round financing, with participating investors including SBI Group, Headline Asia, J-CAM Corporation, etc. The new financing will be used for product development, research and development, etc. Previously, 100% of the companys equity was held by parent company KLab Inc. and founder Tetsuya Sanada. This is the first time the company has introduced funds from outside. This financing is to strengthen its financial position and prepare for listing. (PR Newswire) In March last year, Japans KLab Co., Ltd. announced the establishment of a subsidiary BLOCKSMITH Co., Ltd. responsible for Web3-related businesses, officially entering blockchain-related businesses.