Billionaire and owner of London’s Camden Market Teddy Sagi have invested in Ukrainian blockchain startup Distributed Lab, CEO Vladimir Dubinin has confirmed.
— ForkLog (@ForkLog) August 6, 2018
Financial details remain undisclosed, but Distributed Lab has promised to make an announcement in the near future.
Distributed Lab, among a wide range of the startup’s activities, has developed a tokenization platform TokenD.
Teddy Sagi is ranked 6th on Forbes Richest Israeli People with estimated net worth at $3,3 billion. He is the founder of the software firm Playtech, owner of Camden Market and shareholder in technology companies like SafeCharge and Crossrider.
In his earlier interview with ForkLog, Pavel Kravchenko, co-founder of Distributed Lab, stated that 99% of startups fail to come up with a working product after running an ICO.