Immutable Insight develops algorithms that can analyze blockchain data in real time. The Munich-based startup aims to boost trading of digital assets via blockchain. According to a report by the business magazine Capital, the startup has now secured a single-digit million-euro investment. According to our Insights now at 12 million euros. For the seed financing round, Immutable Insight is relying on investors who can provide good contacts in the SME sector.
“We specifically sought investors from family businesses to gain more connections to German industry,”
says founder Katharina Gehra to 'Capital'. This is intended to accelerate the growth of the young company.
Immutable Insight focuses on SME cooperation
The investors include Daniel Hopp, the son of SAP founder Dietmar Hopp, and other unnamed German entrepreneurial families. Daniel Hopp has not previously invested in fintechs. In addition to real estate projects, he is involved in startups such as the soccer app Onefootball and the ice hockey team Adler Mannheim.
The company, founded in 2018, is launching its first pilot project. Further projects with corporate clients are planned. CEO Gehra explains:
“One possible use case is that the owner of a large real estate portfolio can make the properties tradable through a token.”
Blockchain could also make even small shares in large real estate projects easier to trade. In addition to corporate collaborations, the 20-person team is conducting analyses and is apparently preparing a blockchain fund. According to the media report, the startup aims to raise up to €100 million for investments related to the Ethereum blockchain. Gehra told the business magazine:
“We use our algorithms to monitor and analyze blockchain application usage data worldwide and in real time in order to invest our customers’ money where real usage is increasing exponentially.
