CryptoCoin, a cryptocurrency based on a decentralized application, has raised $7.7 million in new funding led by UBS, with participation from more than 80 organizations.
The round, led by the world’s biggest investment bank, also includes participation from UBS.
“Our primary focus is on supporting our members, their employees and their families.
This round will support a number of initiatives that will help us deliver an even more impactful crypto-impactful impact on the world,” said the group’s CEO and co-founder, Ben Burness, in a statement.
“We are very excited to be partnering with such a great group of investors.”
The project aims to help people around the world find the best and most sustainable food and cooking products.
In doing so, it hopes to increase transparency around the food industry and raise the visibility of people with the most to lose.
As of Dec. 31, the company had raised about $1.6 million, a number that is growing as the company works to deliver its vision.
It currently has more than 2.4 million users.
This round will be used for two purposes: to expand the network of users who can use the product; and to build more of the technology and infrastructure necessary to support the product.
While this is a good start, it will be hard to grow the network over time.
“It’s going to take time,” Burness said.
The company has been in the startup game for five years, but the team has no prior experience in this space.
“It’s a lot to get started with, and there are a lot of unknowns.
We have to build a bunch of infrastructure to support this,” he added.
Burness added that the company will be working with partners to provide a robust product.
“We have to be in a place where we’re not looking at this in a vacuum, but there are lots of other projects in the space that are trying to do the same thing, and we need to be ready to do that,” he said.
“So we’re really excited to have such a diverse group of partners here,” he continued.
The funding round is led by a group of companies including Alibaba, Daimler, GE, Microsoft, Unilever, and Wal-Mart.
The company plans to continue to work on the product through the end of 2017, but Burness noted that he believes that this funding will help accelerate development.