Amsterdam’s mintBlue secures €2M to help businesses with blockchain development

Amsterdam-based Blockchain-as-a-service (BAAS) platform provider, mintBlue, announced that it has secured €2M in a round led by Two Hop Ventures, with participation from a Dutch angel investor and Ayre Ventures. 

Fund utilisation

The company claims the latest funding will enable it to accelerate product development. 

mintBlue CEO Niels van den Bergh says, “With this investment, mintBlue will start its trajectory to become the de-facto blockchain infrastructure provider for web3. Platforms will lose market share over protocols, and we will be there to support that change.”

mintBlue: What you need to know

A lack of interoperability and data portability is the most significant innovation blocker in the digital age. And that’s what the Dutch startup is addressing. 

mintBlue develops solutions designed to make blockchain accessible to businesses and enterprises of all sizes without the need for prior blockchain expertise, with product offerings spanning invoicing, payments and document verification.

mintBlue’s proprietary API allows companies to migrate data to the public blockchain, increasing data security, interoperability and traceability. The company aims to become the ‘decentralised AWS.’

mintBlue says its solutions are non-custodial, meaning that end-users control their data and have no lock-in issues. 

The company’s solution allows companies to focus on their core operations without the need to devote time and resources to understanding complex blockchain infrastructure.

Last year, VISMA | yuki, a leading European cloud accounting solutions provider, selected mintBlue to integrate blockchain-based functionalities to its cloud accounting platform.

Investors

Two Hop Ventures is a venture capital fund focused exclusively on startups building infrastructure for the next generation of the Internet. 

Two Hop Ventures general partner Alex Fauvel says, “mintBlue is one of the most knowledgeable and experienced teams in the blockchain industry, and Two Hop Ventures is proud to support them in their first funding round. With large partners and customers experimenting with putting and managing data on-chain, it is only a matter of time until traditional and modern enterprises are using mintBlue for all their blockchain integrations.”

Ayre Ventures provides capital to scalable, high-growth businesses within the BSV blockchain ecosystem. The company focuses on innovative ideas and ambitious projects that are ‘positively disruptive.’

Ayre Ventures founder Calvin Ayre says, “BitcoinSV (BSV) is the only public enterprise blockchain to offer unbounded scaling, and mintBlue exemplifies BSV’s unique capacity to handle large transaction volumes at a minimal cost. I look at mintBlue as Europe’s answer to Alchemy, the US blockchain developer platform that recently raised $200M at a $10B valuation. As word spreads of mintBlue’s capacity to boost business via the BSV blockchain, I see mintBlue mirroring Alchemy’s meteoric rise.”