Identity Startup Cambridge Blockchain Closes on $1.7m Funding Round

Identity startup Cambridge Blockchain has closed on over $1.7m in new funding, according to recently published Securities and Exchange Commission documents. As stated in today’s filing, the firm raised $1,785,000 out of possible $2m total offering amount.

Led by CEO Matthew Commons, Cambridge Blockchain’s identity management platform facilitates the identity verification of counterparties in virtual currency transactions, without requiring users to reveal their complete identity.

The firm rose to prominence in January of 2016 by claiming the $15,000 first prize at the Banco Santander InnoVentures Distributed Ledger Challenge. According to previous SEC filings, the startup closed fundraising rounds of $635,000 and $1.09m in March 2016 and October 2016, respectively.

Travis is the Founder and CEO of One World Identity. Prior to OWI, he was the Global Head of Identity Verification at Google responsible for Google's KYC and IDV strategy and operations. Travis also spent time at Deloitte Consulting, Citibank, and a few startups he founded in his early 20s. Travis earned a bachelor's degrees in finance and economics from the University of South Florida. GPG Fingerprint: 73B5 6240 2B68 E63A 3FBE 2830 EFAE B4A5 9637 8945