Blockchain Service Provider 'Wanglu Tech' Raises RMB 8-digit Angel Funding

Lieyunwang, 11/10/16

Beijing-based blockchain technology firm Wanglu Technology has announced the completion of RMB 8-digit angel funding in September led by Beijing-based River Capital and with participation from Fenbushi Capital. The funding will primarily be used for recruitment and market expansion, according to CEO and founder Lv Xujun. Wanglu Tech also plans to build custom application systems based on its blockchain platform architecture to meet different industry demands.

Wanglu Tech, founded in July this year, focuses on blockchain technologies such as data storage and verification, digital assets, supply chain finance, and security traceability. Wanglu Tech provides technology and industry solutions for enterprises, financial institutions, and government departments.

Keywords: Wanglu funding Fenbushi VC Lv Xujun angel funding Internet River Capital blockchain financial services

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