Cobo, a Beijing, China-based developer of consumer blockchain products, raised $13M in Series A financing.
The round was led by DHVC and Wu Capital.
The company intends to use the funds for the global expansion of its products.
Led by Co-founder and CEO “Discus Fish” and Co-founder and CTO Changhao Jiang, Cobo is a developer of consumer blockchain products that make it easy for anyone to own and use cryptocurrencies. It currently offers two flagship products for customers:
– the Wallet, a multi-asset cryptocurrency software wallet that lets users securely grow their cryptocurrency holdings (like DASH, XZC, TRX, LBTC, DCR, ONT, and VET) through Proof of Stake (PoS) mining rewards, and
– the Vault, a secure, military-grade cryptocurrency hardware wallet.
Since launching earlier this year, the wallet has reached more than 500,000 users and supports over 30 major cryptocurrencies and 500 tokens. The vault, just launched for pre-order, introduces a new category of durable cold storage wallets that features a bank-grade encryption chip, proprietary BIP 32, 39, 44 compliant firmware, a tamper-proof self-destruct mechanism, and more. Cobo Vault retails for $479.