InWara - ICO Database, ICO review, Security tokens and more

  Budweiser parent  AB InBev invests $1.4 million in BanQu, to augment traceability blockchain


Blockchain startup raised funds

Blockchain startup BanQu recently raised $1.4 million in a Series A funding round from ZX Ventures — the venture capital arm of brewing giant Anheuser-Busch (AB) InBev, according to InWara’s market intelligence platform.

Anheuser-Busch (AB) InBev is one of the largest brewers in the world and owns popular brands such as Budweiser, Stella Artois, Corona and Beck’s brands among numerous others.

But how does BanQu’s performance stack up against the general Venture funding trend in the Blockchain and Crypto space?


Average funds raised by fundraising model

Blockchain startup riased funds

Source

Like our data? You'll love our market intelligence platform Get started

On average, Blockchain and crypto projects raised $6 million in Venture Capital during May 2019, hence BanQu is exhibiting below average level of performance. Interestingly, all tokenized fundraising models such as Security Token Offerings, Initial Exchange offerings and Initial Coin Offerings performed better than traditional Venture Funding during May 2019. 

With STOs leading the charge with an average of $85 million per project. Followed by IEO at $17 million per project and ICOs at $10 million per project.


How BanQu aims to eradicate poverty

The company has purportedly developed the world’s first and only Blockchain platform that doesn’t have a cryptocurrency, according to an official press release. BanQu aims to connect people in extreme poverty with global supply chains that they unwittingly participate in and also, with global brands and even governments. 

On the latest investment Tony Milikin, Chief Sustainability and Procurement Officer at AB InBev, was quoted saying “After BanQu’s outstanding pilot performance in our 100+ Accelerator, we are pleased to solidify the partnership with Ashish, Jeff and the entire team at BanQu through an equity investment. Together, we are working to improve access to modern banking for thousands of farmers in underserved rural markets, driving inclusive growth and contributing to our own 2025 Sustainability Goal as well as the UN’s Sustainable Development Goals,”

The latest funding also secures BanQu’s fast-growing presence in Africa, Asia and Latin American countries and it also comes almost a year since it first announced its partnership with AB InBev.

Register for a free trial

The Most Trusted

Market Intelligence Platform

Get Started