Xapo Receives $20,000,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=96525b56-099b-45b3-8d34-b2a4309cbace - Date
3/14/2014 - Company Name
Xapo - Mailing Address
364 University Avenue Palo Alto, CA 94301 - 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 $20 million investment is going towards managing the massive amount of security required to maintain a secure bitcoin environment and, more interestingly, apply enough security to convince insurance houses to pay up if someone hacks into the vault. - M&A Terms
- Venture Investor
Benchmark Capital - Venture Investor
Fortress Investment Group - Venture Investor
Undisclosed
