PANews, July 18 - According to The Block, the blockchain-based travel platform Blockskye announced the completion of a $15.8 million Series C funding round, led by Blockchange, with participation from United Airlines Ventures, Lightspeed Faction, KSV Global, Lasagna, Litquidity Ventures, Longbrook Ventures, and TFJ Capital. This funding round will be used to expand into European, Latin American, and Asian markets, and to develop real-time payment products based on stablecoins.
Blockskye connects directly with suppliers such as airlines through blockchain technology, helping corporate clients like PwC reduce travel costs. The company claims its platform can reduce travel expenses by 14.5% and achieve an 84% savings on agency fees. The current team consists of over 40 people, with plans to add 30 more positions in technology, sales, and other areas.