BY CNA Team - October 2, 2018
TEMCO secures Korea Investment Partners as investor
TEMCO, a blockchain-based supply chain platform company, has managed to secure Korea Investment Partners (KIP), a Seoul-based venture capital firm, as an investor.
A press release from TEMCO did not specify the amount that was invested by KIP, which typically invests at the Series A or B funding rounds of startups.
According to the press release, TEMCO will also leverage on KIP’s management expertise to develop the platform.
The TEMCO blockchain project is supported by RSK, a bitcoin-based smart contract platform, TLDR Capital, Deblock and blockchain accelerator Blockchaini.
The company is about to conduct an initial coin offering with a US$19mil token sale with the presale happening around November.
Image courtesy of TEMCO website.