New York-based blockchain startup R3CEV is currently in negotiations to raise a Series A funding round, people familiar with the group's plans have told CoinDesk.The source, who couldn’t speak on the record due to the sensitivity of the topic, said that R3 had been given a $200m pre-valuation according to an independent report carried out by Ernst & Young as part of the consortium's contract with its members.
The $200m figure relates to a valuation prior to any investment made by outside investors, which could significantly increase the group’s valuation.
Asked about the reports, R3's managing director Charley Cooper said the group "doesn't talk about our funding process publicly".
Cooper did confirm the group is holding a meeting of its partners in London on Tuesday and admitted that there was potential for funding to become a topic of conversation, though it is not an official item on the program.
http://www.coindesk.com/funding-r3-london-blockchain-consortium-meeting/
