Blockchain to Grow Further After Closing $30.5 Million Funding Round
Popular wallet and data source Blockchain has closed one of the biggest funding rounds in bitcoin history, at $30.5m.
Blockchain announced today that it has secured a record $30.5m Series A funding deal, co-led by Lightspeed Venture Partners and Wicklow Capital.
Blockchain is the world's most popular bitcoin wallet provider, search and technical information source with 2.3 million wallet accounts and a total $26bn in transaction volume.
Today's news marks its first funding round from external investors. It was previously bootstrapped by founders including Roger Ver, who remains with the company.
Blockchain president Peter Smith said:
Future Plans
According to a report in the New York Times, Lightspeed partner Jeremy Liew will take a seat on Blockchain's board.
Blockchain will use the extra funding to grow its product and engineering teams, and expand and invest in developing markets. Wallet services would be the "central nexus of value creation" in the digital currency industry, said Liew.