VCs commit $9m to Japan blockchain platform

The firms will invest via an initial coin offering (ICO) launched by Tech Bureau’s fundraising platform Comsa, according to a company blog post. Tech Bureau believes the GPs’ participation will help drum up interest from other investors in both Comsa itself and in the companies that use it for their own fundraising.

Comsa’s platform is intended to help businesses launch their own ICOs and covers every step of the ICO process, from token offering, to sale and distribution, to listing on an exchange. Its services include creation of whitepapers and token sale dashboards, blockchain integration, and PR. Tokens issued by Comsa are integrated with the NEM and Ethereum cryptocurrency networks.

“With the development of the Comsa platform, we are now creating a whole new paradigm where capital can be raised with VC participation,” said Lon Wong, president of the NEM.io Foundation, which developed the NEM protocol. “I believe Comsa has what it takes to set a precedent and make this accepted as a way forward for publicly listed companies in the near future.”

Tech Bureau develops software and services based on blockchain technology. Its other products include bitcoin and cryptocurrency exchange platform Zaif and private blockchain software manager mijin. The company raised JPY670 million (then $6.49 million) last year from a consortium of investors including Nippon Technology and Fisco, along with Hiroshima Venture Capital.

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