Deals
Benchmark Backs Bitcoin Secure Storage Provider Xapo
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Xapo Ltd., a provider of secure online storage for Bitcoins, has raised $20 million in a first round of funding led by venture capital firm Benchmark.
Ribbit Capital, a Silicon Valley venture firm that invests in technologies for financial services, and Fortress Investment Group LLC, a New York-based private-equity and hedge-fund manager, participated in the round, Wences Casares, Xapo’s founder and chief executive officer, said in an interview yesterday. He declined to comment on Xapo’s valuation.