Regions

Investors put $116 million in bitcoin startup 21 Inc

Close
March 11
1:55 AM 2015

Silicon valley startup 21 Inc has raised $116 million in venture funding to help broaden the uses of bitcoin technology, the Wall Street Journal reported.

21 Inc's lead investors include venture capital firms such as Andreessen Horowitz and RRE Ventures, with chipmaker Qualcomm Inc owning a strategic stake through its venture-capital unit, according to the Journal.

San Francisco-based 21 Inc has not disclosed an independent valuation or how it plans to use the funds, the Journal said on Tuesday.

Chief Executive Officer and co-founder Matthew Pauker indicated "several interesting developments over the next weeks and months" that will deal with products designed "to drive mainstream adoption of bitcoin", the Journal reported.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics