Blockchain, the world’s largest bitcoin wallet provider, has scored major funding from Lightspeed Venture Partners and Wicklow Capital. The Company landed Series A funding of more than $30 million.
The company notes Jeremy Liew, and his team at Lightspeed Venture Partners, were one of the very first Sillicon Valley firms to begin actively following the bitcoin space.
Wicklow Capital is the personal investment vehicle for the founders of GETCO (now KCG), a global market leader in technology enabled trading and financial services. Wicklow brings knowledge and resources to the company that we are excited to have access to. They are also bringing Richard Branson, Mosaic Ventures, Prudence Holdings and some strategic angels on board to further leverage our ability to grow and bring bitcoin to the next 20 million consumers.
In January, Blockchain passed a million users. Since then, growth has only accelerated and recently topping 2.3 million consumer wallets.
Blockchain recently updated its two core open source wallets on Android and iOS.
Techcrunch notes Blockchain faces serious competition from multiple companies who raised mega rounds of funding. BitPay raised a $30 million Series A round, Coinbase raised a $25 million Series B round, Xapo raised $20 million in March and another $20 million in July, Circle has raised $26 million since its inception, and the list goes on.
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