Xapo Raises $20M in Series A Funding

xapo_logo_black_1400x400According to a blog post, Xapo, a Palo Alto, CA-based Bitcoin company that offers online and offline security solution, raised $20m in Series A funding.

The round was led by Benchmark, with participation from Fortress Investment Group and Ribbit Capital.

The company intends to use the funds to strengthen the team.

Led by Wences Casares, Founder and CEO, Xapo offers two distinct products:
– a free Wallet, which gives immediate access for day-to-day purchases; and
– a fully-insured cold storage vault for long term savings.

The company is headquartered in Hong Kong with offices in Palo Alto.



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