Immutable Insight closes financing round

According to a media report, the blockchain start-up was able to raise a single-digit million amount. Dietmar Hopp's son has apparently also invested.

The analysis and consulting start-up Immutable Insight is working on blockchain projects together with family businesses. For its latest financing round, Immutable Insight is apparently relying on investors who can provide them with good contacts in the SME sector. As the magazine Finance Forward magazine reports, the start-up has now secured a single-digit million sum.

According to the report, one of the investors is the son of SAP founder Dietmar Hopp, Daniel Hopp. Other German entrepreneurial families are also said to be involved. To date, Daniel Hopp has mainly invested in real estate projects and is involved in start-ups such as the soccer app Onefootball. "We specifically sought out investors from family businesses in order to gain more connections in German industry," founder Katharina Gehra told Finance Forward. Her team is currently preparing the first pilot project with a German company.

In addition to cooperating with SMEs, Immutable Insight is carrying out analyses and is openly preparing a blockchain fund. The start-up wants to raise up to 100 million euros for this. The focus is apparently on investments related to the Etherum blockchain.