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Benchmark leads $20m Series A for Xapo

14 Mar 2014

bitcoinEarly-stage investor Benchmark has led a $20m Series A round for Bitcoin wallet startup Xapo.

Fortress Investment Group and Ribbit Capital also participated in the round, Xapo said in a blog post.

Xapo said, “We’re proud to work alongside some of the best backers in the venture capital and financial industries.

“We envision a long and adventurous journey ahead and believe our new partners have strengthened our team and widened the opportunity for Bitcoin’s growth.”

The company said that it believes that Bitcoin could solve the disjointed nature of our world economy.

“We’re thrilled to have partnered with industry-leading investors who share our belief and vision, and will help us make it a reality,” it said.

Earlier this month AltAssets reported that Benchmark pulled in more than $34m for what appeared to be a final close of its latest Founders Fund.

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