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Chrono.Tech Closes $30 Million Funding Round Led By Venture Capitalist Mark Carnegie

Chrono.Tech Closes $30 Million Funding Round Led By Venture Capitalist Mark Carnegie

01/27/22, 5:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/AU.svgsydney
Money raised
$30 million
Industry
financial services
other
software
Chrono.Tech — an Australian blockchain software company — has attracted over $30 million in investment funds to grow its HR-focused solutions aimed at solving a number of problems in the recruitment industry using blockchain technology. The funding round was led by Australian venture capitalist Mark Carnegie and a leading European Family Office.

Company Info

Company
Chrono.Tech
Location
sydney, new south wales, australia
Additional Info
Founded in 2016, Chrono.Tech is Australia's oldest blockchain business that is engaged in building a suite of software solutions aimed at the HR and recruitment sector. The company is currently developing LaborX — its flagship product that acts as a contract-powered freelancer platform enabling anyone around the world to interact on a peer-to-peer basis and receive payments in cryptocurrencies. LaborX has seen its user base grow by over 42,000 freelancers and almost 5,000 customers in light of surging demand for digital currency markets. Chrono.Tech's product lineup also includes TimeX — a secure digital asset trading platform that has already managed to gain a foothold in the top 100 exchanges by trading volume. The company is also engaged in decentralized gaming, promoting the Crypto Gaming United (CGU) product based on the newfangled Play-to-Earn model. Co-founded by Mark Carnegie, CGU raised over $17 million in October of last year. All products within the Chrono ecosystem are powered by the internal TIME token, which gives users access to premium services and can be staked using the TimeWarp application. 2021 saw a 200-time price increase of the TIME token. For more information, please, visit chrono.tech. Medium: https://medium.com/@Chrono.tech Twitter: https://twitter.com/chronotechnews Telegram: https://t.me/chronotech SOURCE Chrono.Tech