Fortress Blockchain Technologies, Inc. Asset Profile

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Year established

2021

Location

Las Vegas NV US

Primary Industry

Internet

About

Based in Nevada, US, and founded in 2021 by CEO Scott Purcell, CPO Kevin Lehtiniitty, President Tom Michelena, and CTO Anthony Botticella, Fortress Blockchain Technologies, Inc., doing business as Fortress Trust, operates as a blockchain technology-based company providing financial, regulatory, and technology infrastructure to the Web3 space to support ePayment, crypto, and tokenization innovators. In June 2022, Fortress Blockchain Technologies, Inc. raised USD 22.5 million in Series A funding led by Ayon Capital, with participation from Soaring Investment Management and the company's management also participating in the round. The Series A Funding values Fortress Blockchain Technologies, Inc. at USD 35.87 million post-money. Fortress Trust provides application programming interfaces (API) to create fungible and non-fungible tokens (NFT) on certain blockchain technologies for public and private content. The company offers financial services such as e-payments, crypto, and non-fungible token (NFT) wallets. In addition, the firm provides crypto liquidity, royalty escrow, and specialty account custody for its platform users along with business development solutions. As of 2023, the company offers its services in industries such as fintech, sports, real estate, healthcare, securities, crypto exchanges, education, and more. The company will use its proceeds from June 2022 to support the creation of transformative B2B infrastructure for the Web3 industry.

Current Investors

Ayon Capital, Soaring Investment Management

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Primary Industry

Internet

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.fortress.xyz

Verticals

Blockchain, FinTech, FinTech

Company Stage

Series A

Total Amount Raised

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Deals

Deals Type
Series A

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Fortress Blockchain Technologies, Inc.	05 Jun 2022

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Key Contacts

Name	Position	Start Date	End Date	Vcard	Bio
	Chairman of the Board						BM

BM Board Member

Name	Firm	Deal Date	Number Of Deals	Vcard
						AI LP
						AI LP

AI Active Investor LP Lead Provider

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Employee Data

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