Ocyan secures pre-seed investment from QVentures and Wayra UK to power enterprise blockchain infrastructure
The pre-seed funding round was led by QVentures with participation from Wayra UK to support blockchain infrastructure development.
Ocyan provides an end-to-end cloud operating system and infrastructure layer for enterprise blockchain and peer-to-peer networks. The platform enables organisations to deploy scalable blockchain solutions across various cloud providers and protocols.
Ocyan has secured pre-seed funding in a round led by QVentures, with participation from Wayra UK. The capital will support the company as it builds on its commercial agreement with Telefonica, where Ocyan serves as the infrastructure layer for TrustOS. The partnership aims to position the telecommunications giant at the forefront of the enterprise blockchain market.
The investment follows Ocyan's participation in the 2019 AI and Blockchain Accelerator, a programme run by Wayra UK and the University of Edinburgh. Since joining the cohort, the firm has expanded operations across the UK, Spain, Germany and Italy.
Investor perspective
"We are very excited to be leading Ocyan's funding round and joining the board of a company revolutionising the enterprise market for blockchain applications"
Brian Hatton
Partner, QVentures