- BRD, a startup that gives blockchain instruments to builders, used this pitch deck to boost $750,000 in a 2019 funding from cryptocurrency agency Ripple.
- That funding introduced BRD’s whole quantity raised to $54.75 million, in accordance with Pitchbook. The corporate just lately mentioned that it is valued at $100 million.
- BRD’s clients embody SBI Group (Japan’s largest on-line dealer and a BRD investor), Deloitte, KPMG, and Constancy Investments.
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BRD, the blockchain startup that grew to a $100 million valuation with big customers like Deloitte and KPMG, was as soon as a small cryptocurrency app referred to as Breadwallet that launched in Apple’s App Retailer in 2014.
Through the years, the corporate renamed itself: First to Bread, after which in 2018 to only BRD. It expanded its providers, providing a brand new set of blockchain instruments referred to as Blockset for the monetary, medical, and inventive industries. Now, BRD’s expertise makes it simpler for builders to construct apps that may ship well being info securely, monitor music and artwork for any copyright infringements, or ship cash transfers through the blockchain.
In October 2019, the corporate raised $750,000 from cryptocurrency agency Ripple, bringing the full quantity it has raised to $54.75 million, in accordance with funding database PitchBook. In September, the company told Business Insider it is now valued at $100 million. (Notably, the Securities and Exchange Commission sued Ripple this week, alleging that the agency violated investor-protection legal guidelines in promoting its XRP token.)
BRD CEO Adam Traidman mentioned the corporate deliberately sought out huge gamers within the finance house like Constancy Investments and Deloitte to bridge the hole between cryptocurrency and established banking.
“You belief system integrators and auditors — firms like KPMG —greater than you belief Silicon Valley startup firms within the crypto house,” Traidman advised Enterprise Insider in September.
The pitch deck that BRD utilized in its presentation to Ripple, which you’ll see beneath, reveals the corporate’s transition from a conventional cryptocurrency pockets app to a supplier of enterprise merchandise: