Blockchain Developer Dispatch Labs Suffers Losses Despite Market Recovery
Cointelegraph
Published Jun 14, 2019 08:11PM ET
Updated Jun 14, 2019 08:42PM ET
Blockchain Developer Dispatch Labs Suffers Losses Despite Market Recovery
Blockchain company Dispatch Labs is incurring considerable losses despite extensive investment and a recovering cryptocurrency market, technology-focused news outlet Cryptobriefing reported on June 14.
Initially, Dispatch Labs received funding from its executive team, subsequently raising over $13 million in a series of private rounds from other investors such as China-based capital firm Fenbushi Capital during the first half of 2018. However, the value of the raised capital slumped considerably following the market drop in the first quarter of the year.
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Written By: Cointelegraph
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