Xapo Raises $20 Million for Ultra-Secure Bitcoin Storage

California-based bitcoin security organization Xapo has raised dollar 20m as part of an initial circular of fundraising led simply by Benchmark, Fortress Investment team and Ribbit Capital.

The funding circular is the second largest general public round in the bitcoin area, trailing Coinbase’ s dollar 25m Series B completed in December, but coming in ahead of Circle’ s $ 9m Series A round within October.

started by Wences Casares, previous CEO and founder associated with digital wallet startup lime, the company maintains bitcoin chilly storage facilities in 2 undisclosed locations.

Continue reading at CoinDesk


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