New York-based bitcoin hardware wallet provider Case (formerly CryptoLabs) has raised $1.25m in new seed funding.
The round, led by Future\Perfect Ventures, included participants RRE Ventures and the Rochester Institute of Technology Fund.
In a statement, CEO Melanie Shapiro suggested that Case's funding may coincide with a broadening of its ambitions beyond the consumer market. Notably, Shapiro addressed the recent interest of major financial incumbents such as Nasdaq in bitcoin's underlying blockchain technology.
She said:
The funding also marks the latest bitcoin play by increasingly active VC firms Future\Perfect Ventures and RRE Ventures.
Future\Perfect and RRE have funded a number of notable digital currency industry startups within the last year, including Blockchain, Blockstream and BitPesa, Gem, Mirror and Ripple Labs. Together, these startups raised nearly $80m in their recent rounds.
Correction: A previous version of this article stated that Case had raised $1.5m in seed funding. CEO Melanie Shapiro since confirmed with CoinDesk that this figure is $1.25m.