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Blockchain startup T-Mining gets new funding boost from investors

Antwerp-based blockchain startup T-Mining has secured more investors after its funding round concluded in April.

This funding round saw it secure new investors Taste Invest (Westerlund) and PMV as new investors on top of its existing ones.

The support from this financing round allows T-Mining to embark on an important next step – the development of new applications on decentralised technologies such as blockchain for the maritime, port, logistics and transport industry.

T-Mining’s chief executive officer Nico Wauters says: “We are very proud to welcome Taste Invest as a new investor. Westerlund is a big name in the maritime sector and, in addition, to a large international network, Westerlund has a strong track record as an early stage investor in pioneering technology. From the first meeting, we knew that Taste Invest would play an important strategic role for T-Mining.”

He adds that investment from PMV is also “crucial” in helping T-Mining further grow.

Another investor that T-Mining secured was leading tech accelerator imec.istart, providing valuable professional technical expertise on top of funds.

Aiming to improve operational and administrative efficiency and security and safety, T-Mining has pioneered three solutions at the Port of Antwerp. This includes secure container release to ensure that the right container gets released only by the right driver, initiating a secure document workflow through automation and the adoption of smart contracts, and secure data sharing and collaboration between parties in the logistics chain all through blockchain technology.

Today, T-Mining is also present in Singapore, executing projects together with its international customers. In addition, it is actively looking for ICT partners to extend its services and support offering.

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