Casa, the firm that helps cryptocurrency investors manage private keys, raised $4 million. The seed round was led by Avon Ventures, affiliated with Fidelity Investments.
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Casa is thrilled to announce our latest funding raise of $4 million, lead by Avon Ventures.
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Additional participants include Tioga Capital, Castle Island, Cadenza, Champion Hill, Compound VC, Precursor, Lerer Hippeau, and Coinbase Ventures.
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Read more from @CoinDesk https://t.co/6Wke7xUMDw
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— Casa (@CasaHODL) February 3, 2021
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Tioga Capital, Cadenza Ventures, Coinbase Ventures and Champion Hill Ventures also participated in the round. The startup will use the funds to develop the product and hire staff.
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“Casa has created a product that combines best-in-class security with an intuitive user interface. Bitcoin holders no longer have to choose between simplicity and security,” said Sachin Patodia, a partner at Avon Ventures who sits on Casa’s board.
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According to Nick Neuman, the company’s chief executive, users were concerned about their security during the recent Bitcoin bull run and moved assets from exchanges to wallets. The startup helped them do this.
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In June, Casa unveiled a privacy-focused Bitcoin wallet for beginners.
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