Trieager Energy CEO Matt Rieder has announced that he is making a $50 million investment in the light energy startup Extera Energy, a blockchain company based in the United Kingdom.
Rieders new investment will support Extera’s expansion into a full-fledged research lab and research facility.
Extera is focused on the energy sector and is looking to enter into the energy-centric energy trading market.
Exterra has already secured a $100 million investment from an investor in the U.K. In 2018, Extera has completed its first funding round and is in talks with a number of institutional investors, including Fidelity Investments, Citigroup, and Bank of America.
Exters goal is to help accelerate the growth of the emerging market in energy markets, which has been slow to catch on.
Extea is currently looking to expand its operations into the UK to be able to scale its research and development operations to be competitive with other energy-focused blockchain companies.
ExTERRA is working with a large, diverse, and global community of investors including BNY Mellon, Deutsche Bank, and JP Morgan.
The company is currently working on securing a seed round of funding from a few different investors.
In addition to its funding, Exterras first round of Series A funding is set to be secured through the Royal Bank of Scotland.
ExTerra has also recently raised $25 million in a Series B round led by Blockchain Capital.
The team behind Extera have been extremely active in promoting blockchain technology and investing in startups and startups in the energy and sustainability sectors.
ExTEAREN has also been actively engaged with the industry and has been a founding member of the blockchain conference, the Crypto Energy Summit.
In August, ExTEA announced that it will be launching a new cryptocurrency platform.
The ExTERRAS cryptocurrency platform will allow Extera to provide a platform for the crypto and blockchain communities to exchange and trade cryptocurrencies for real world assets.
Ex TEAREN is also currently working with other blockchain companies to build a decentralized exchange, and will be working to bring the Exterraser system to the United States, Canada, and Europe.
Ex TERRA has been working with an international community of energy companies to make blockchain technology more accessible to the general public and has also started working with the Ethereum Foundation.
The platform will be powered by the Ethereum blockchain and will allow users to trade cryptocurrency, Ether, and other assets for physical commodities and other goods.
The network will also be open to the public, and users will be able share their data in exchange for tokens.
Ex terra is also working on an ICO, which will allow its investors to receive a percentage of future revenue from ExTERREAs revenue, as well as be able invest directly into the company.
Posted by Crypto Coin News at 5:38:19PM