Concordium

Concordium is a next-generation, broad-focused, decentralized blockchain and the first to introduce built-in ID at the protocol level.

Concordium aims to build the world’s leading open-source, permissionless, and decentralized blockchain with built-in user identity at the protocol level.

Concordium was founded in 2018 by Lars Seier Christensen. The company is headquartered in Zug, Zug, Switzerland.

 

Concordium’s core features solve the shortcomings of classic blockchains by allowing identity management at the protocol level and zero-knowledge proofs, which are used to replace anonymity with perfect privacy.

Concordium's technology supports encrypted payments with software that upholds future regulatory compliance demands for transactions made on the blockchain.

Concordium recently completed Testnet 4, which saw over 2,300 self-sovereign identities issued and over 7,000 accounts created, with more than 1,000 active nodes, 800 bakers, and over 3,600 wallet downloads.

 

Concordium is backed by G1 Ventures, Lone Fonss Schroder, and others. The company raised $36M in a new financing on Apr 27, 2021. This brings Concordium's total funding to $51M to date. The latest round valued the company $1.45B post-money.

 

 

  • Year founded: 2018
  • Funding Info: $51M over 2 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 51-20
  • Business Valuation: Valued at $1.45B as of April 27, 2021
  • City/Town: Zug
  • State: Zug
  • Country: Switzerland
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