Czech blockchain app developer Tatum raises $41.5m funding

Tatum, a Czech platform that helps companies build apps on the blockchain has raised $41.5m in a round led by Evolution Equity Partners, a US VC firm. It plans to use the investment to scale its product globally and gain more customers. 

What does Tatum do? 

Tatum, founded in 2017 in the Czech Republic and now headquartered in London and Miami, allows companies to build their own blockchain apps rather than outsourcing development to external (and pricey) developers. Its plan is based on the belief that lots of companies will want to have their own blockchain offering in the near future.

Their platform provides infrastructure and a unified framework for over 40 blockchain protocols, allowing any developer to build blockchain apps regardless of experience. It hopes to eliminate common obstacles like running nodes and learning to code for individual blockchains, and provides a range of features that speed up app development.

Tatum’s platform has been used by a range of industries, from game and film studios to car and motorcycle manufacturers and crypto wallet operators. Tatum says it already has 90k customers.

Who’s investing in Tatum? 

• ​​Evolution Equity Partners, a US equity firm and the lead investor
• Octopus Ventures, a London-based VC firm (existing)
  
• 3VC, an Austrian VC firm (existing)
• Tensor Ventures, a Czech VC firm (existing)
• Depo Ventures, a Czech angel network and VC (existing)

What’s next for Tatum? 

The company’s CEO and cofounder Jiri Kobelka says that Tatum’s product is ready, so all that’s left is for the company to scale up internationally: “We want to mainly be visible in the world and win the trust of new customers and thus a market share.” 

Zosia Wanat is Sifted’s central and eastern Europe reporter, based in Warsaw. She tweets from @zosiawanat