January 4, 2021
RealBlocks Corporate Overview
2020 by the Numbers
$7M – RealBlocks announced our $7M Series A round led by Crosslink Capital
118 – New deals in progress in the Alternative Investments and Defined Contribution spaces
2 – New clients officially onboarded in 2020 with 5 others in progress
$15B – Amount of deal flow in our pipeline
$305M – Amount of capital committed from clients
3 – New members added to our stellar team
RealBlocks Secures $7 Million in Series A Financing to Enable and Scale Digital Access to the Surging Alternative Investments Market
October 29, 2020
RealBlocks, a technology platform that enables access to alternative investments, today announced a $7 million Series A financing round, bringing its total investment amount to $10.7 million. The round was oversubscribed and led by new investor Crosslink Capital, a prominent venture investor based in Palo Alto that manages over $1.8 billion in AUM with a focus on B2B, fintech, and SaaS. The new capital will allow RealBlocks to scale its business development and engineering teams as the company races to meet accelerating customer demand.
Since 2017, RealBlocks has been using technology to provide its clients with easier access to alternative investment options. The firm positions its platform as “Global Infrastructure as a Service for Investment Capital” to alternative investment funds spanning private equity and credit across: real estate, venture capital, buyout, infrastructure, timber, farmland and hedge funds represent over $9.5 Trillion in AUM globally. Read More →
About Sobe Organics, Inc
Sobe sells health and beauty products nationwide in the United States in over 1,800 independent stores including resorts, spas, pharmacies, salons, hotel chains and department stores. In addition, Sobe sells products online via its E-Commerce site. All Sobe products are made in the USA at farms certified by the Food and Drug Administration (FDA). Sobe’s farm to shelf supply chain guarantees the highest quality ingredients in all of its products. Read More →
Sergei Stetsenko is a financier and venture capitalist who is acting CEO of CRG Finance AG, a private venture capital firm in Zug, Switzerland. He has helped raise over $100 mm in capital for companies in the technology, healthcare, communications and natural resource sectors. He is a founder of Vynleads, a US technology company, and was founder and CEO from 2003-2005 of Peleton Resources (now Triangle Petroleum – TPLM on the NYSE). Director of Goldhills Holding Ltd. TSXV.
D Lindsay Wu, CEO, is Managing Partner at Whitwell Partners, a merchant banking firm. He has helped acquire, build and exit businesses in a variety of industries including insurance services, natural resources, infrastructure, financial services and technology. He was formerly Managing Director/ Head of Private Equity at Rothschild Emerging Markets and CEO of G2 Natural Resources, a joint venture with G2 Investment Group. He began his career at Thomas H. Lee Company, a private equity firm, is a graduate of Harvard College and Harvard Business School and is Industrial Sector Lead of HBS Alumni Angels.
John is an accomplished product and technology strategist with over 20 years of technology and leadership experience across software and technology-enabled service organizations. As a servant leader with exceptional critical thinking skills, John has a strong record of building and inspiring high-performance teams to solve complex organizational challenges. His strength spans high organic growth environments and turnaround situations ranging from personally founded tech startups to mid-sized venture and private equity-backed companies to large publicly traded organizations. John’s companies have won many industry awards including Crain’s Fast 50. John was an E&Y Entrepreneur of the Year Finalist in 2012.
SELECTED HIGHLIGHTS (most recent first):
• BetterSpaces: CEO. Employee Engagement technology platform.
• Playback Health: COO, Board Member. Clinical support HIPAA compliant SaaS platform.
• Morgan Hill Partners: Managing Partner, Co-founder. Management consulting and technology services for technology businesses .
• Convene: CTO, President of Elevate (software spinout). Property Technology and software platform for commercial real estate.
• Binary Tree: Board Member, Technology services.
• SourceSeek: CEO, Co-Founder. Technology outsourcing services.
• ScrollMotion: CEO, Co-Founder. Mobile SaaS platform and services.
• Three-Point Software: CEO & Founder. Software Services.
Dr. Sangha has over 20 years experience in capital markets primarily in an advisory role in financing, strategic assessments of asset and management, and business development. Area of focus is biotechnology and mining and more recently digital currency. He has extensive experience building, operating and managing many successful businesses. He has a BSc in pharmaceutical science from the University of British Columbia and doctor of dental surgery from the University of Western Ontario.
Primary listing Trading symbol: BITK.TSXV
OTCQB: BIDCF https://www.otcmarkets.com/stock/BIDCF/overview
Number of issued shares: 16,250,687
Directors management options: 3,250,137
No warrants outstanding
Access the latest information about our filings quotes and news:
Blockchain technology is silently revolutionizing the form and foundations of our global social infrastructure, while setting new standards for transparency and openness.
Blockchain creates new capabilities, such as the ability to maintain immutable databases and implement new kinds of incentive architectures in organizations. Blockchain is reshaping both public and private institutions: governance systems, internal processes and means for external interaction.
BlockchainK2 plans to acquire/ joint venture with old data centres with low electricity costs at a steep discount to replacement cost repurposed to cater to cryptocurrency miners.
Traditional tier one or tier two data centres are often not a good fit for miners as they require long term contracts with multi-year up front payments and charge for superfluous ancillary services.
Offering colocation services to miners migrating from less favourable regulatory environments such as China generates third party revenues and operating leverage using other people’s capital and equipment.
Pipeline of opportunities include three data centre locations/ existing colocation business with electricity costs as low as $0.03 per kWh.
BlockchainK2, with its experienced management/ advisory team, will help incubate/ acquire SAS blockchain businesses in concert with strategic partners to offer industry standard software services in niche markets with commensurate pricing power.
Strategy is to build pilot with input and buy in from leading industry players to ensure early adoption.
Partnerships with leading companies in industry verticals gives BlockchainK2 an edge over software companies building and hoping the market will adopt/ come.
Raise capital whilst capital markets for technology/ cryptocurrencies are buoyant in closely spaced, sequential tranches at higher valuations as business is derisked.
Capital allocation is dynamic based upon projected intermediate returns on capital for mining vis a vis software development/ acquisition.
In down cycle, economics of buying versus building improve. Execute roll up strategy of SAS businesses struggling to gain critical mass where BlockchainK2 can add value through industry relationships.
Ultimate model is holding company a la Barry Diller’s IAC with portfolio of disparate blockchain businesses.
Establishing secure foundations for tomorrows decentralized industries.