Overstock Leads $2 Million Funding for Blockchain Voting Startup

Medici Ventures, a subsidiary of online retail giant Overstock.com, has led a seed funding round for mobile voting platform Voatz.

Voatz raised over $2.2 million in the round, which also saw investments from the Urban Innovation Fund and Oakhouse Partners, as well as angel investors including Walt Winshall, Tom Williams, Joe Caruso and members of the Walnut Ventures angels group.

According to a press release, Voatz is planning to utilize the funding to grow its business development team, widen its services across the U.S. and work towards the development of new products.

Medici Ventures’ president, Jonathan Johnson, said that blockchain’s immutable record keeping will lead to greater confidence in the accuracy of results, while its usability will enable citizens to participate in elections without barriers…

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