Blockchain company Iconloop completes $8 million Series A financing

According to official sources, blockchain company Iconloop has received 10 billion won ($8 million) from seven investment companies involved in Series A financing. It is reported that this is the first venture investment of Iconloop since its establishment in 2016. Companies such as Korea Technology Finance Corporation (KOTEC) and TS Investment participated in the investment. Iconloop plans to use the funds raised to launch its blockchain-based digital identity authentication service "my-ID."