Casa, which helps cryptocurrency investors manage private keys, has raised $ 4 million. The seed round was spearheaded by Avon Ventures, a venture capital fund affiliated with Fidelity Investments.
Casa is thrilled to announce our latest funding raise of $ 4 million, lead by Avon Ventures.
Additional participants include Tioga Capital, Castle Island, Cadenza, Champion Hill, Compound VC, Precursor, Lerer Hippeau, and Coinbase Ventures.
Read more from @CoinDesk https://t.co/6Wke7xUMDw
– Casa (@CasaHODL) February 3, 2021
The round was also attended by Tioga Capital, Cadenza Ventures, Coinbase Venture and Champion Hill Ventures. The startup will spend the funds received on product development and staffing.
“Casa has created a product that combines best-in-class security with an intuitive user interface. Bitcoin owners no longer have to choose between simplicity and security, ”said Sachin Patodia, partner at Avon Ventures, who serves on Casa’s board of directors.
According to the company’s CEO Nick Neumann, users were worried about their safety during the recent bullish rally in Bitcoin and moved assets from exchanges to vaults. The startup helped them with this.
As a reminder, Casa introduced a privacy-focused bitcoin wallet for beginners in June.
Subscribe to ForkLog news on Telegram: ForkLog Feed – the entire news feed, ForkLog – the most important news and polls.
Found a mistake in the text? Select it and press CTRL + ENTER