Boston-based VC Borderless Capital led a USD10m round for TravelX, a blockchain-based distribution protocol for the travel industry, with participation from Draper Cygnus, Myelin Capital, Monday Capital, Algorand and GoldenTree.

(Global Legal Chronicle) – TravelX, the company building the travel industry’s first blockchain-based distribution protocol, executed a $10 million seed funding round led by Borderless Capital. Other investors participating in the round from the travel, technology and blockchain verticals included Algorand, Draper Cygnus, Myelin Capital and Monday Capital.

TravelX was founded by a group of industry veterans to accelerate the evolution and growth of a more dynamic and frictionless industry using blockchain technology.

In Argentina, Bruchou, Fernández Madero & Lombardi advised TravelX on the transaction with a team including Santiago Balbi (Picture), Agustina Rocca and Franca Stafforini.

In US, Perkins Coie LLP advised TravelX on the transaction with a team including Lowell Ness, Marcelo Halpern, Sarah Shtylman, Alberto Araiza, Asociados Will Conley, Carolyn White, Scott Griffin, Austin Harms and Jun Llas.