Tampa blockchain integration platform, BlockSpaces, Raises $5.75M

Tampa blockchain startup, BlockSpaces, is “Blockchain integration, simplified.”

With two financing announcements, an initial $1.25M seed round in March 2021 and a recent $5.75M venture seed round, BlockSpaces’ total funds raised amounts to over $7.25M. BlockSpaces experienced a 10x increase in valuation launching itself and co-founder, Rosa Shores, amongst the top ten female co-founded and led blockchain companies in the US. Shores and BlockSpaces rank #1 in Florida.

Although blockchain may seem like a new technology or even concept for some, BlockSpaces has been a trailblazer in the technology. The tech startup’s story begins in 2012, “Gabe [Higgins, co-founder] and I have been in blockchain technology since 2012…It started as a fascination, when blockchain was only Bitcoin…” Shores shares.

These co-founders paved the way for blockchain, locally and globally. In 2013, Shores and Higgins started setting up regular meetings for the Tampa Bay community to discuss blockchain development and cryptocurrency. The meetings first began as entrepreneurs and business people interested in discussing blockchain and bitcoin, further growing into building and scaling startups and finding investors, Shores reminisced. 

The passion for assimilation first sparked at the technology’s conception, however, B2B integration began in 2014. Higgins and Shores walked block to block shop to shop in St. Petersburg’s downtown metropolis asking each business personally if they would like the ability to accept Bitcoin. 

“Blockchain is essential to enterprises,” blockchain integration platform, BlockSpaces.

BlockSpaces provides a never-before-seen blockchain integration platform that eliminates steep barriers for businesses in the blockchain/cryptocurrency ecosystem. This categorically new product allows the easy integration of enterprise applications and blockchain networks while hiding the complexities associated with managing blockchain in a business environment. 

While consumers may be intrigued with blockchain for its role in NFTs and cryptocurrency, enterprises experience various benefits with the integration of blockchain technology. “Blockchain is essential to enterprises,” advocates Shores, because of trust, security and the elimination of third party middle-men costs. The uses for blockchain are vast and various, “blockchain also enables the consumer to trace the origins of a product and to determine whether a brand is ethically sourced, for example. Or enable a farmer to connect directly with residents who live in a food desert,” Shores explains.

BlockSpaces almost $6M venture seed round showcases investors’ interest into the economic potential blockchain technology secures. Working to proliferate blockchain technology through consumer ease, simplification and accessibility, BlockSpaces built infrastructure that is enterprise ready, proven to excel and successful at leveraging data for consumers.

Blockchain technology is revolutionizing the way business is done. Need help learning how to integrate blockchain into your business? Call Tampa startup BlockSpaces: “Blockchain integration: Simplified.”