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
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- Venture Investor
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