Research Database Startup MaterialsZone Raises $1 Million

Tel Aviv-based research database startup MaterialsZone Ltd. has raised $1 million from French businessman Philippe Bouaziz’s investment firm Sarona Ventures, MaterialsZone announced Monday. Founded late last year, MaterialsZone develops a blockchain-based online system that allows scientists, labs, and academic and industrial researchers worldwide to collaborate and share data regarding new lab-made materials. Paris-based Sarona Ventures has invested in 14 Israeli companies to date.