Citizen Hex secures angel seed financing

Citizen Hex Inc. has raised undisclosed amount in seed funding from angel investors led by Boris Wertz of Version One VC and with participation of Jim Orlando of OMERS Ventures, Som Seif of Purpose Investments, Mike Serbinis of League Inc. and Laura Adams, Managing Director of Morgan Stanley.

“The economics of Ethereum will lead to thousands of exchanges, and millions of Ethereum-based tokens,” said Benjamin Roberts, co-founder & CEO, Citizen Hex. “This represents an unprecedented opportunity to provide smart-contract liquidity-as-a-service and other critical financial infrastructure that can only exist on the public Ethereum blockchain.”

Founded by Roberts and Brett Bergmann in 2017, Kitchener, Ontario based Citizen Hex Inc. was one of the top companies in the Toronto-based Creative Destruction Lab accelerator.

“We are very excited to back Ben and Brett,” said Wertz. “We are big believers that cryptocurrencies are building the foundation for a more decentralized internet and that Citizen Hex will play a crucial role in this ecosystem.”

Citizen Hex will use the proceeds of the round to build a world-class team of smart-contract programmers.

photo credit: Citizen Hex Inc.

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and CanadaMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, the most sophisticated and advanced all private capital and public market financing database.