Xapo Secures $20,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=724cfc81-f309-4cdd-be9d-8fb45a29c382
Date
7/8/2014
Company Name
Xapo
Mailing Address
364 University Avenue Palo Alto, CA 94301 USA
Company Description
At Xapo, we believe that bitcoin’s ultimate success will be based on trust – trust in the digital currency and trust in the industry’s service providers. That’s why we assembled a team of financial services and security experts to build a new usage and storage experience.
Website
http://www.xapo.com
Transaction Type
Venture Equity
Transaction Amount
$20,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company plans to use the funds to make bitcoin more accessible to the general user and to further protect BTC in “cold storage” on their servers.
M&A Terms
Venture Investor
Venture Investor
Venture Investor