Substratum raised $13 M in a ICO round on 2017-09-13.
SUB
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According to media reports, Substratum raised $13 M in a ICO round on 2017-09-13.Following this round, Substratum's total funding reached $18 M.
Substratum is an open-source network that allows users to allocate their spare computing resources and securely deliver content without the need for a VPN or Tor. The Substratum platform consists of three types of users: hosts, nodes, and end web users. Hosts can host websites and/or web applications and pay network users to serve their content. Nodes serve the content of hosts to end web users and receive the Substrate cryptocurrency in exchange for their services. End web users of content hosted using Substratum can view the content in any web browser without any censorship blocks.
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SUB Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| ICO | $13 M | -- | 2017-09-13 | -- |
Key Milestones
- 2017-09-14Substratum raised $ 13.8 M through ICO
- 2017-09$SUB was live for trading
- 2017-08-09Substratum raised $ 5 M in funding round
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