Cere Network raises $3.5m, announces Berlin innovation venture

Blockchain startup Cere Network has bagged $3.5 million in seed funding from Binance Labs, Neo Global Capital, Fenbushi Capital, Arrington XRP Capital, Kenetic Capital, Alphabit Fund, Block VC, Kosmos Capital, LD Capital, Monday Capital, Pre Angel Fund, Republic Labs and various strategic funds. 

The company, which lays claim to the world’s first blockchain Customer Relationship Management (CRM) and Customer Data Platform (CDP) ecosystem, has also established a new office in New York and will be launching the Cere Network Innovation Factory in Berlin during Berlin Blockchain Week.

“Unlike traditional CRMs, we’re focused on customer data privacy and secure data collaboration,” comments Fred Jin, Co-founder and CEO of Cere Network. “Our team is led by Silicon Valley veterans, with technology experience from Amazon, Twitch, and Bebo, who understands how to engineer solutions for the world’s most intricate problems. By building a complete solution on the blockchain, we are solving for CRM/CDP’s biggest issues in customisation, efficiency, and secure and privacy-preserving data sharing.”

Strategic investors who also participated include Brad Bao, Co-founder of Lime and Tencent executive; Alan Braverman, Co-founder of Eventbrite, Yammer and Xoom; Taiyang Zhang, Founder and CEO of Republic Protocol (REN); and Will Wang, Advisor of Huobi Global and former Head of Business Development and Investment for the Huobi Ecosystem Fund.

Dr. Feng Xiao, General Partner at Fenbushi Capital, comments: “We consider Cere Network as a pioneer in interoperability. Their platform far surpasses benefits in the CRM ecosystem, and will layout the standard for data preservation, sharing, and management across all industries. We strongly believe that there will be much synergy between Cere Network and our family of invested companies and look forward to their continued innovations.”