Planaria corp, a NYC-based Bitcoin development company, raised $1.65MM in seed funding.
Backers included Ausvic Capital, Calvin Ayre, John Coyle, Ken Shishido, Mempool, Persimmon Hill Limited, and Unbounded Capital.
The company intends to use the funds to expand operations.
Founded by anonymous developer Unwriter, Planaria in still in stealth mode. In a recent post, the founder wrote:
“Bitcoin is like Electricity. While electricity makes everything efficient technologically, Bitcoin makes everything efficient, economically.
“Planaria corp aims to build the most powerful motor that transforms and delivers this “electricity” into many useful forms, making it accessible to various industries of the world.
“The ideal place to bootstrap such a company is not Silicon Valley. The ideal place is a city with highly diverse culture, generates all kinds of creative intellectual properties which Bitcoin can eat up, and a global hub for many industries ripe for the next industrial revolution including art, media, health care, manufacturing, trade, real estate, and finance.”