This Week in Blockchain Venture Capital

Welcome to This Week In Blockchain Venture Capital, our weekly series detailing blockchain-focused companies that advance and cultivate their mission with venture capital.

Clearmatics, a London-based startup building next-generation clearing machines for financial over-the-counter markets, recently closed a $12 million Series A round.

Clearmatics will also launch a Protocol Provider service network next year in support of the Utility Settlement Coin Project, a consortium of 17 banks and financial services companies focused on creating a new digital cash product collateralized by central bank money.

Blockfolio, a Los Angeles-based mobile application providing simplified management and tracking of cryptoassets, recently closed an $11.5 million funding round.

Boasting more than 4.5 million users to date, Blockfolio is more than just a price-tracking application.

According to Moncada, the application has not been monetized to date and has only implemented three advertisements since debuting in 2015.ACINQ. ACINQ, a Paris-based Bitcoin technology company focused on the Lightning Network, recently closed a $1.7 million seed round.

The Lightning Network is an open payment network that brings VISA-level scalability to the Bitcoin network.

ACINQ currently offers a simple Lightning API for businesses, a popular Lightning wallet, and one of the most reliable Lightning nodes.

ACINQ will use the funding to expand its engineering team, develop new Lightning-based products and services, and do anything and everything possible to continue to bolster the Lightning Network.

This concludes another eventful week of blockchain venture capital.