Ciphrex Raises $500k to Advance Multisig Wallet Offering

Ciphrex Raises $500k to Advance Multisig Wallet Offering

Cryptocurrency security firm Ciphrex has completed a successful A-Series funding round, raising $500,000 (£327,934) Six accredited investors took part in the round, according to the company, but they wished their participation to remain private. Enrique Lombrozo, co-CEO and chief operations officer, said: “We are glad to announce we’ve met our goal of raising half-a-million dollars in this initial round. We raised $300k immediately, back in October 2014, and then we raised the remaining $200k in the last few weeks. These funds will allow us to further advance, promote and expand our line....

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