Xapo Raises $20 Million from Greylock Partners, Index Ventures
Bitcoin security company Xapo has reportedly raised a whopping $20 million in Series A-1 funding from Greylock Partners and Index Ventures, we're learning this Tuesday morning from various reports. Other participants in the funding round included Jerry Yang (Yahoo! Inc. co-founder), Emergence Capital Partners, Max Levchin (PayPal co-founder), Yuri Milner. The significant investment breaks a record in the digital currency space, effectively making Xapo the most invested in company operating in the space to date. Previous investors that poured in $20 million into the company include Fortress....
Related News
Online wallet provider Xapo has raised its funding total to $40m, leapfrogging BitPay to become the best-funded bitcoin startup to date. Announced today, the startup's second Series A-1 funding round took $20m in total. Spearheaded by Index Ventures and Greylock Partners, the round also included Emergence Capital Partners, venture capitalist Yuri Milner, PayPal co-founder Max Levchin and former Yahoo! CEO Jerry Yang. Back in March, Xapo's initial round was led by Benchmark Capital, Fortress Investment Group (FIG) and Ribbit Capital. At the time, it was the second-biggest funding round in....
Richard Waters, writing in Financial Times, is reporting that Silicon Valley's A-Listers seem to be fast climbing onto the Bitcoin bandwagon. More and more of Silicon Valley's venture capitalists have been queuing up to invest in Bitcoin start-ups. Yesterday, some of Silicon Valley's heavy hitters bought into the $20 Million funding round for Xapo. This list included none less than Reid Hoffman of Greylock Partners, Mike Volpi of Index Ventures attracting funding from the deep pockets of Max Levchin, Yuri Milner as well as Jerry Yang, the co-founder and former CEO of Yahoo!. But this....
Atlanta, Georgia-based BitPay has announced today that they have managed to raise a whopping $30 million in a Series A funding round led by Index Ventures. Joining Index in the round is Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, AME Cloud Ventures, and even Sir Richard Branson of the numerous Virgin enterprises in operation today. The amount brings the total amount of investments made in the company to $32.7 million, with venture capital coming from London, Geneva, New York, San Francisco, and as far east as Hong Kong. In addition to the huge investment....
Earlier on Monday, Parallel Finance announced that it had raised $22 million in a Series A funding round. The investing round for the Polkadot-based DeFi protocol was led by Polychain Capital, alongside Alameda Research, Blockchain Capital, Blockchain ventures, Slow ventures, Lightspeed venture Partners, and CMT Digital, among others. 📢 We just raises $22 Million in […]
In a new blog post, Bitcoin company Xapo has revealed more about how they do security. Xapo has also revealed that they have passed a Service Organizational Control 2 (SOC2) financial audit by Burr, Pilger & Mayer LLP. The SOC2 financial audit is a component that many of Xapo's institutional partners require. Xapo's CEO Wences Cesares told CryptoCoinsNews that Xapo's new security measures are meant to assure Bitcoin users around the world that proper security methods do exist and are being practiced by Bitcoin companies. Speaking about security measures for the use of the fledgling....