Distributed database that is used to maintain a continuously growing list of records, called blocks.
One of the most popular online bitcoin wallet company has announced the completion of a successful series B funding round by raising $40 million. This is one of the largest investment rounds in the financial technology sector since Britain’s vote to leave the European Union.
Blockchain is one of the oldest virtual currency businesses in industry. Founded in 2011 as an open-source project, now it is one of the biggest companies on the market. The platform had issues around 15 000 000 bitcoin wallets in over 140 countries.
List of investors: Lakestar with participation from GV (formerly Google Ventures), Nokota Management, Digital Currency Group and existing investors Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings, Virgin, and Sir Richard Branson (Virgin Group).
We were impressed by Blockchain’s consistent market traction and dedication to building secure financial products for an increasing number of users.
General Partner, Google Ventures
Investisions will support global expansion and localization efforts as well as research and development of emerging digital assets.
The 14 trillion dollar financial services industry hasn’t meaningfully changed in over a century. Blockchain is on a mission to create a financial system that is faster, more inclusive, and radically different than the status quo.
CEO and Co-Founder, Blockchain
Back in 2014, the company raised $30.5 million. That was the largest investment in the digital currency industry at that time.