Tech Company Financing Transactions
Xapo Funding Round
Benchmark Capital, Fortress Investment Group and private investors invested in a $20 million funding round for Xapo. The financing was announced on 3/14/2014.
Transaction Overview
Company Name
Announced On
3/14/2014
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Undisclosed
Proceeds Purpose
The $20 million investment is going towards managing the massive amount of security required to maintain a secure bitcoin environment and, more interestingly, apply enough security to convince insurance houses to pay up if someone hacks into the vault.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
364 University Ave.
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Undisclosed
Website
Email Address
Overview
At Xapo, we believe that bitcoin's ultimate success will be based on trust -- trust in the digital currency and trust in the industry's service providers. That's why we assembled a team of financial services and security experts to build a new usage and storage experience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Wences Casares
Chief Operating Officer
Federico Murrone
President
Ted Rogers
VP - Operations
Carlos Rienzi
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Next: 3/14/2014: Klutch venture capital transaction
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Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here are derived from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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