California-based bitcoin security company Xapo has raised $20m as part of an initial round of fundraising led by Benchmark, Fortress Investment Group and Ribbit Capital.
The funding round is the second largest public round in the bitcoin space, trailing Coinbase’s $25m Series B completed in December, but coming in ahead of Circle’s $9m Series A round in October.
Founded by Wences Casares, former CEO and founder of digital wallet startup Lemon, the company maintains bitcoin cold storage facilities in two undisclosed locations.
March 13, 2014 at 09:00PM
