Blockchain raises 40 Million $$

Blockchain, the cryptocurrency wallet service has raised $40 Million in the latest fundraising round from some of the leading investment firms. Read more...
Thunder Network

Blockchain — the cryptocurrency startup, known for its Bitcoin wallet and block explorer has announced yet another successful funding round. The company has raised a sum of $40 million in the investment round led by Lakestar venture capital. Other prominent names joining the round includes Google Ventures (GV), and Virgin Group’s Richard Branson, Nokota Management, Digital Currency Group, Lightspeed Venture Partners, Mosaic Venture Partners and Prudence Holdings.

The new round of investment comes at the time when Bitcoin is close to its all-time high of about $3000, which it hit recently. The increasing interest in Bitcoin and the urgency to implement blockchain reforms on Bitcoin network presents lots of opportunities to the company. According to the company, the fresh round of investment will go towards expansion of manpower and research and development. Going by Blockchain CEO Peter Smith’s statement, the company will soon have more offices established across different parts of the world.

Smith described a surge in demand for its products among the cryptocurrency community members as the digital currency’s price rose to record levels in the past few months. The funding will enable the company to meet the rising demand by scaling its infrastructure. Peter Smith was quoted by a leading financial news outlet saying,

“We are really focused on scaling to meet the record demand we are getting in the market… We started raising this round before the run up in the cryptomarket. It was good timing in the end because while we were closing the round, we were massively up on every level. Our traffic has been growing 15 percent week over week in last two weeks.”
Blockchain already has over 15 million wallet signups with users conducting transactions worth billions of dollars per month. The company had earlier raised a funding of about $30.5 million back in 2014.

Sort:  

Big Numbers of People are getting their FIAT into the Blockchain where the Future of investing in yourself is...............

Congratulations @alamzebkhan5285! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @alamzebkhan5285! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Congratulations @alamzebkhan5285! You received a personal award!

Thank you for the witness votes you made to support your Steem community and for keeping the Steem blockchain decentralized

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!