COLU Raises $2.5M To Expand Blockchain Tech

January 28, 2015 | The Israeli startup COLU, the provider of simple ways to use blockchain technology, announced that it raised $2.5 million in new funding. Colu allows users to use blockchain technology, intended to verify Bitcoin and other digital currency transactions, to pay for a variety of goods, including cars and concert tickets. Colu is an extension on another startup created by the founders called Colored Coins, which is an open source standard to create digital assets on the Bitcoin blockchain. Aleph Capital, Spark Captial, BoxGroup and Bitcoin Opportunity Fund participated in the funding round. Colu was founded by Amos Meiri, Mark Smargon and David Ring in 2012.