# Bitmark

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitmark

- Industry: Software
- Headquarters: Taipei, Taiwan - China
- Website: www.bitmark.com
- Total disclosed funding: $4.7M
- Latest round: Series A (Sep 3, 2019)
- Investors on record: 5

## About

Bitmark Inc. is a technology company focused on securing digital property rights through innovative blockchain solutions, enabling the creation and management of digital assets for various applications.Founded in 2014 in Taipei, Taiwan, Bitmark Inc. specializes in solutions for digital asset management and ownership. The company raised USD 3.00 mn in Series A funding on September 3, 2019, led by HTC Corporation, with participation from Alibaba Ventures, Digital Currency Group, and WI Harper Group. Christopher Hall and Sean Moss-Pultz serve as the CEOs, contributing their expertise from previous ventures in technology and digital rights management.Bitmark specializes in developing technology that secures digital property rights through blockchain solutions. At the core of their offerings are smart contracts which facilitate the creation and management of digital assets, allowing these assets to serve as financial instruments or unique digital items, such as media and software. The company’s flagship platform, Feral File, is designed for showcasing and collecting software art, catering to artists and collectors in the digital art space. Bitmark’s technology targets critical use cases across various sectors, including life sciences, entertainment, and digital identity, aiming to enhance individual autonomy and reduce reliance on traditional institutions. The company serves a global client base, with users across Asia, Europe, and North America, highlighting its commitment to providing accessible solutions in diverse geographical markets.Bitmark operates on a transaction structure that focuses on partnerships and direct-to-consumer engagements, primarily through its blockchain-based products and services. Clients utilize Bitmark's technology for securing digital asset ownership, which could involve subscription models for ongoing access to services or one-time fees for specific transactions related to asset management. For instance, users may engage with the Feral File platform to acquire digital art, directly supporting artists while leveraging Bitmark’s technology for ownership verification. This model not only facilitates revenue generation through individual transactions but also fosters a sustainable ecosystem for creators and collectors within the digital arts community. Specific pricing plans for these services reflect the company’s commitment to accessibility and transparency in the marketplace.Bitmark plans to leverage its recent funding of USD 3.00 mn from the Series A round to enhance its product offerings and expand into new markets. The company is currently focusing on developing new features for the Feral File platform and aims to launch updated functionalities by the end of 2023. Additionally, Bitmark seeks to penetrate the European and North American markets more deeply, with strategies in place to increase user engagement and partnerships by 2024. The funding will support these initiatives, ensuring that Bitmark continues to evolve its technology and reach a broader audience.

## Funding rounds

- Series A, Sep 3, 2019, $3M — WI Harper Group, HTC Corporation, Digital Currency Group, Alibaba Ventures
- Seed, Nov 17, 2016, $1.7M — WI Harper Group, Digital Currency Group, Cherubic Ventures

## Investors

- WI Harper Group (https://capitalatlas.ai/funds/wi-harper-group) — Seed, Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series A
- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Seed
- HTC Corporation — Series A
- Alibaba Ventures (https://capitalatlas.ai/funds/alibaba-ventures) — Series A