Continuing a series of recent wins, Western Australia-based blockchain startup Power Ledger has added another accolade to its belt, taking home an award from online startup directory and advocacy group Techboard for being 2017’s top trending startup in the state.
The awards were held on Tuesday night and are based on a series of metrics the online directory tracks monthly for startups in the state and nationally. Currently, Power Ledger sits second in the site’s rankings for October, coming behind gig economy startup Airtasker.
Power Ledger also came in the top 10 for Techboard’s national ranking of trending startups, with SME lending platform and former Smart50 winner Prospa taking home the national prize. Personal lending startup Credi claimed the national “up and coming” startup award, which is given to startups that have not raised past a Series A funding round.
Power Ledger has seen recent success off the back of it’s massive $34 million initial coin offering completed in October. The company also landed part of an $8 million Smart Cities grant from the federal government to help develop efficient energy solutions in Fremantle.
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The company’s token price has recently dropped in value, however, going from a high of 80 US cents to a current price of 63 US cents.
“We are honoured to be named the highest trending startup in Western Australia, and in the top ten nationally,” co-founder and managing director of Power Ledger David Martin said in a Medium post.
“2017 has been a brilliant year for Power Ledger, and a banner year for both WA and Australian startups. We’re excited to celebrate the successes we have had, and to bring this momentum with us as we move forward into 2018 and beyond.”