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BY CNA Team - October 2, 2018

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TEMCO secures Korea Investment Partners as investor

TEMCO to leverage on Korea Investment Partners’ management expertise to development supply-chain platform
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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.

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