KR1 KR1 Plc

 
TIDMKR1 
 
2 June 2021 
 
                                    KR1 PLC 
 
                           ("KR1" or the "Company") 
 
                          Investment Update: Automata 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that Automata ("ATA"), a portfolio project of KR1, has completed a 
successful US$2.4 million strategic funding round that included participation 
from IOSG Ventures and Jump Trading. 
 
KR1 is also pleased to announce the Company's participation in this recent 
funding round, investing a further US$200,000 into Automata in exchange for 
5,000,000 ATA tokens. This investment comes in addition to KR1's seed round 
participation, announced in March 2021. Across both funding rounds, the Company 
now holds a total of 15,000,000 ATA. 
 
Automata Network is a decentralised service protocol that provides a privacy 
middleware layer for multiple platforms to achieve privacy, high assurance and 
frictionless computation. 
 
The Automata team recently launched their first product 'Witness', an off-chain 
governance solution for voters that do not wish to reveal their identity while 
participating in governance at zero cost, which supports Ethereum, Binance 
Smart Chain, and other Substrate-based EVM-compatible chains. 
 
In addition, Automata Network is also developing a 'Miner-Extractable-Value' 
minimisation solution, 'Conveyor', which aims to solve the front-running issues 
as it ensures that transactions  are arranged in a way that makes it impossible 
for malicious actors to exploit other participants. 
 
Keld van Schreven, Managing Director and Co-Founder of KR1, commented: 
 
"From Automata's technical progress to the partnerships made one after the 
other with the industry leading projects, it is apparent that Automata has both 
the vision and the ability to execute. Our support of Automata Network speaks 
to our commitment to the sustainable development of a privacy-focused 
decentralised web, and we look forward to seeing more great work from the 
team." 
 
The Directors of KR1 plc accept responsibility for this announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC 
George McDonaugh                                                    +44 (0)16 2467 6716 
Keld van Schreven 
Simon Nicol                                                                simon@KR1.io 
 
Peterhouse Capital Limited                                     (AQSE Corporate Adviser) 
Mark Anwyl                                                          +44 (0)20 7469 0930 
Allie Feuerlein 
 
Nominis Advisory Ltd                                                       (PR Adviser) 
Angus Campbell                                                                pr@KR1.io 
 
About KR1 plc 
 
KR1 is a leading digital asset investment company supporting early-stage 
decentralised and open source blockchain and DeFi projects. Founded in 2016 and 
publicly traded in London on the APX segment of the AQSE Growth Market (KR1: 
AQSE), KR1 has built a notable reputation for generating significant returns by 
investing in many key projects that are designed to power the decentralised 
platforms and protocols that are emerging to form new internet infrastructures. 
 
www.KR1.io 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 02, 2021 09:44 ET (13:44 GMT)

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