# Fortress Blockchain Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fortress-blockchain-technologies

- Industry: Internet
- Headquarters: Las Vegas, US
- Website: www.fortress.xyz
- Total disclosed funding: $13M
- Latest round: Series A (Jun 5, 2022)
- Investors on record: 2

## About

Based in Nevada, US, and founded in 2021 by CEO Scott Purcell, CPO Kevin Lehtiniitty, President Tom Michelena, and CTO Anthony Botticella, Fortress Blockchain Technologies, Inc., doing business as Fortress Trust, operates as a blockchain technology-based company providing financial, regulatory, and technology infrastructure to the Web3 space to support ePayment, crypto, and tokenization innovators. In June 2022, Fortress Blockchain Technologies, Inc. raised USD 22.5 million in Series A funding led by Ayon Capital, with participation from Soaring Investment Management and the company's management also participating in the round. The Series A Funding values Fortress Blockchain Technologies, Inc. at USD 35.87 million post-money.

Fortress Trust provides application programming interfaces (API) to create fungible and non-fungible tokens (NFT) on certain blockchain technologies for public and private content. The company offers financial services such as e-payments, crypto, and non-fungible token (NFT) wallets. In addition, the firm provides crypto liquidity, royalty escrow, and specialty account custody for its platform users along with business development solutions. As of 2023, the company offers its services in industries such as fintech, sports, real estate, healthcare, securities, crypto exchanges, education, and more.

The company will use its proceeds from June 2022 to support the creation of transformative B2B infrastructure for the Web3 industry.

## Funding rounds

- Series A, Jun 5, 2022, $13M — Ayon Capital, Soaring Investment Management

## Investors

- Ayon Capital (https://capitalatlas.ai/funds/ayon-capital) — Series A
- Soaring Investment Management — Series A