Learn about the largest funding rounds in Blockchain-based marketplaces, a sector that has been very active in investment in recent years. In addition, we analyse the investment round of the American company Wibson, in which it has raised $16M.
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About Wibson
Wibson is a US company that has presented at the Mobile World Congress in Barcelona a decentralised data marketplace, based on blockchain technology, that will allow any user to manage their personal information and obtain income in exchange for their data. "And all in a secure and anonymous way," says founder and CEO Mat Travizano.
The official launch of the app developed by Wibson is scheduled for 11 May in New York City.
According to Travizano, the time has come for citizens to take back control of their data and benefit from the value it generates. "In today's economy, data is money, as evidenced by the stratospheric stock market value of Google, Facebook, Apple, Amazon and Microsoft. An ecosystem has been built around our data and our identity that definitely needs to be changed. The rules have to change. People don't want Google and Facebook to own their data; to know more about it than they do," says the company's CEO.
Wibson's platform is based on blockchain technology, allowing users to have a direct relationship with companies that want to use their data. "We will completely change the dynamics of the market. Consumers will now take back control of their data, they will decide how and when to monetise it, they will know who they sell it to and how it will be used. And they will also agree on how much they are priced.
But how does the Wibson data marketplace work? Users simply connect their Facebook, LinkedIn, Gmail, mobile GPS or any other source of personal data to the Wibson app (available for iOS and Android). From that moment on, the information is encrypted on their mobile phones ("Nothing is stored on Wibson") and they start receiving offers from data buyers, which can be accepted or declined. According to Travizano, payment for this transaction will be made in a cryptocurrency called Wibcoin.
Wibson closes a $16M investment round
Wibson, a US company that has created a decentralised data marketplace based on blockchain, has closed a funding round in a month in which it has received $16M.
The Silicon Valley-based company's investors include Telefónica (through Wayra), Kenetic Capital, DG Capital and LinkVC, as well as other investors linked to the world of finance and cryptocurrencies.
CORPORATE FINANCE EXPERTS
Analysis of Blockchain-based Marketplace investment
| Variable | 2014 | 2015 | 2016 |
|---|---|---|---|
| Invoicing | 2.290 | 2.151 | 3.076 |
| Ebitda | 368 | 424 | 677 |
| Net Financial Debt | 2.401 | 2.515 | 2.313 |
| Growth | 42,83% | -6,09% | 43,03% |
| Profitability | 16,08% | 19,72% | 21,99% |
| Solvency | 6,61 | 5,98 | 3,67 |
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