Illuminate Rounds Out Baton Systems Funding with $4m Investment

Exclusive from Waters Technology: Venture capital firm Illuminate Financial has made a $4 million investment in Baton Systems, rounding out the start-up’s $16 million funding total. Baton, a provider of distributed ledger-based clearing and settlement technology, will use the investment to expand into EMEA, and beyond. Baton has already received investments from three Silicon Valley-based VC firms: Trinity Ventures, Alsop Louie, and Commerce Ventures. Read the full article in Waters Technology here.

Baton Systems raises $12 million for blockchain-inspired bank payments infrastructure

From VentureBeat: Baton Systems, a  three-year-old Fremont, California-based provider of bank-to-bank payments infrastructure modeled on blockchain technology, today announced that it’s raised $12 million in series A funding from Trinity Ventures, with participation from Alsop Louie and Commerce Ventures. Read more