Blockmate Ventures, a London-based venture firm, recently announced the completion of the sale of the Midpoint business. The sale marks the latest success of the venture firm, which specializes in accelerating the growth of blockchain-related businesses.
Midpoint is an online business-to-business market for global payments. Through its platform, businesses can quickly and easily transfer funds across the world in USD, GBP, and EUR. The business is primarily focused on making low-cost, real-time payments for companies located in the United States, Europe, and Latin America.
Blockmate Ventures acquired Midpoint a year ago and has since been investing heavily in modernizing the business’s technology and operations infrastructure. The venture firm implemented an improved audio/visual technical platform, a revamped website, and a streamlined customer onboarding process, among several other enhancements.
The sale of Midpoint is a testament to the success of Blockmate Ventures and its ability to drive growth in the blockchain space. This decision will enable the firm to allocate its resources to other, higher-value projects that have the potential to transform the blockchain landscape and deliver value to both its investors and portfolio companies.
In a statement, Blockmate Ventures’ managing director, Maryam Al-Jarallah, said, “At Blockmate Ventures, we are passionate about driving positive and industry-transforming change. The sale of Midpoint is an affirmation of our commitment to finding strong technology-driven opportunities. We believe the business has huge potential and look forward to continuing to grow our portfolio of blockchain-related investments.”
Midpoint is the latest in a string of successful investments for Blockmate Ventures. The venture firm has rapidly built a portfolio of leading companies in the blockchain space, including Augur, Presella, and Linq.
The future of Blockmate Ventures looks bright, and the completion of the Midpoint sale is just the latest sign that the firm is well-positioned to continue its success in the blockchain space. With a strong focus on selecting and investing in the right technology investments, Blockmate Ventures is well-positioned to build out a world-class portfolio of blockchain companies that have the potential to bring value to investors and the industry as a whole.