Bitcoin Startup Blockchain Taps $40 Million in New Funding

https://www.bloomberg.com/news/videos/2017-06-22/blockchain-raised-40m-in-new-funding-ceo-says-video

Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to leave the European Union.

New investors in the company, which provides technology such as virtual bitcoin wallets and analytical tools for the digital currency’s underlying system, include Google’s GV, which led the funding with Lakestar. Existing investors, including Lightspeed Venture Partners and Sir Richard Branson, provided new financing.

“The pace of innovation in the digital currency space is unmatched,” said Tom Hulme, a partner at GV. “We were impressed by Blockchain’s consistent market traction and dedication to building secure financial products for an increasing number of users.”

Bitcoin, and the blockchain system that powers it, is one of several virtual currencies and the value of one bitcoin skyrocketed more than 300 percent in the last year. A competing currency, Ether, based on the ethereum blockchain, reached a record $402 earlier this month.

Full Article - https://www.bloomberg.com/news/articles/2017-06-22/bitcoin-startup-blockchain-takes-40-million-in-fresh-funding

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