Coinsilium Reports 2017 Revenue Increase of 181% YoY

In 2016 the investment company made a loss.

Coinsilium, a London-based company that invests in early-stage blockchain companies, has released its final results for the year 2017.

The firm was established in 2014, and its shares are traded on the NEX Exchange Growth Market. In December 2017 it raised £720,000 ($959,338) by selling 8 million of them.

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Examples of Coinsilium investments include €200,000 ($233,610) to SatoshiPay, a Berlin-based company that processes Bitcoin micropayments. The investment was made in January 2016, and in August 2017 the holding was sold for €725,220 ($847,017).

In June 2017 it invested approximately £56,000 ($74,615) in a Singaporean company that operates a blockchain-based alternative to LinkedIn, and in April of this year, it partnered with a South Korean company that is developing the first decentralised application on the EOS blockchain. This application will provide advertising for mobile phone games.

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According to the press release, it launched a consultancy service in 2017, through which it advised ten clients. These clients have so far raised approximately $500 million by selling their tokens. Coinsilium is also planning to set up a private fund in Gibraltar to manage all of its own tokens.

It has reported a revenue increase of 181 percent, which has led it to make a yearly profit of over £120,000 – in 2016 it made a loss which was a far more substantial figure than that.

It raised £1.57 million over the year via fundraising, and holds/is promised $5.34 million in digital assets.

The press release also details some additional investments. Examples include Gimli (no apparent relation to the dwarf), a company that provides betting services for professional gaming, and DomRaider, which uses blockchain technology to make auctions faster and safer.

Eddy Travia, CEO of Coinsilium, said: “We are delighted with the excellent progress Coinsilium has made in 2017. In the second half of the year, we launched our Token Advisory Services division which quickly became revenue generative. We continued investing in exciting blockchain technology companies with equity stakes acquired in Blox and Indorse and we launched Terrastream, our subsidiary in Gibraltar, to develop a token-based alternative funding solution for companies in the natural resource extraction industry.”

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