Blockchain startup Gitcoin raises $10.42M
LAFAYETTE — Gitcoin Holdings Inc. raised just more than $10.42 million in its first round of funding to scale its marketplace for software developers building open-source projects.
The Lafayette company reported raising the funds from 13 investors in an all-option deal, according to disclosures to the U.S. Securities and Exchange Commission Thursday afternoon.
Gitcoin provides a place where developers can fund their software-development projects through crowdsourcing and grants, or by taking on “bounties” where others pay them to build solutions to their problems. All of the software commissioned on the platform is open-source, meaning that anyone can download the…
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