Casa, which offers a secure location to store Bitcoins, has reportedly netted $4m in its seed funding round.
Avon Ventures acted as the lead investor, with additional contributions coming from Tioga Capital, Castle Island, Cadenza, Champion Hill, Compound VC, Precursor, Lerer Hippeau and Coinbase Ventures, according to a report from Coindesk.
This capital infusion will enable the company to extend its market reach and build new products.
Casa claims its client base increased by 325% and its revenue nearly tripled.
The company offers a mobile app, which is available on Android and Apple devices, that protects a user’s Bitcoin.
Casa has raised a total of $7.8m in funding since it was founded.
The US Securities and Exchange Commission recently charged three individuals for taking part in a bitcoin fraud that cost investors more than $11m. The regulator alleges the fraud took place through two “fraudulent and unregistered digital asset securities offerings.”
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