HomeUSAMobileCoin Raises $66M in Series B Funding

MobileCoin Raises $66M in Series B Funding



MobileCoin, a San Francisco, CA-based digital payments ecosystem, closed a $66m Series B funding.

Backers included Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst,¬†Marc Benioff’s¬†TIME Ventures, and Vy Capital, as well as Suzy Ryoo,¬†Troy Carter¬†& J. Erving, Rodney “Darkchild” Jerkins,¬†Brent Faiyaz,¬†Jayne Andrew¬†&¬†Ty Baisden,¬†Tunde Balogun, Agla√© Ventures, DreamCrew,¬†Matt Mullenweg,¬†Jesse Robbins,¬†James Lindenbaum, Gaingels, and 10X Capital.

The company intends to use the funds to further develop its products, including MOBot, a cryptocurrency chatbot payment system, rollout its initial stablecoin, whose value will stay constant with the US dollar, continue to support its Signal deployment, as well as make it easier for additional mobile messaging and communications applications to add cryptocurrency payments between their users, as well as support further autonomous systems.

MobileCoin provides a payment technology platform that gives everyone the ability to transact digitally from nearly anywhere in the world. The company leverages encrypted blockchain, an opaque ledger, and cryptographically protected transactions. Development of the MobileCoin ecosystem is spearheaded by the MobileCoin Foundation.

It is available today on exchanges like FTX, Bitfinex, BigOne, and HotBit for non-US persons.