Mirror, a San Francisco-based blockchain-technology company building a new financial platform, received $8.8m in Series A funding.
The round was led by Route 66 Ventures with participation from existing investors including RRE Ventures, Crosslink Capital, Battery Ventures and Tim Draper. In conjunction with the funding, Pascal Bouvier, General Partner at Route 66 Ventures, will join Mirror’s board.
The company, which has raised $12.8m in total, intends to use the funds to continue to build out its engineering team and scale international operations.
Led by Avish Bhama, co-founder and CEO, Mirror is building a smart contracts platform that enables peer-to-peer trading, using bitcoin. The company leverages blockchain technology to allow individuals and businesses to create and exchange financial contracts.
The company, formerly known as Vaurum, launched a trading service in 2014 and rebranded late last year as it evolved its focus to “smart” financial contracts that democratize access to the traditional financial system.