Bitcoin Hardware Wallet 'Case' Raises $1.25 Million

New York-based bitcoin hardware wallet provider Case has raised $1.5m in new seed funding led by Future\Perfect Ventures.

By Pete Rizzo

Jun 18, 2015 at 5:04 p.m. UTC

Updated Sep 11, 2021 at 11:44 a.m. UTC

Pete Rizzo

New York-based bitcoin hardware wallet provider Case (formerly CryptoLabs) has raised $1.25m in new seed funding.

The round, led by Future\Perfect Ventures, included participants RRE Ventures and the Rochester Institute of Technology Fund.

First announced in fall 2014, the Case wallet became available for pre-order this May, with shipment of the first 1,000 units expected to be completed this summer. The product promises various security features including multisig and biometric authentication technology.

In a statement, CEO Melanie Shapiro suggested that Case's funding may coincide with a broadening of its ambitions beyond the consumer market. Notably, Shapiro addressed the recent interest of major financial incumbents such as Nasdaq in bitcoin's underlying blockchain technology.

She said:

"Case is poised to provide trusted, decentralized and biometrically secure signing of those and similar transactions."

The funding also marks the latest bitcoin play by increasingly active VC firms Future\Perfect Ventures and RRE Ventures.

Future\Perfect and RRE have funded a number of notable digital currency industry startups within the last year, including Blockchain, Blockstream and BitPesa, Gem, Mirror and Ripple Labs. Together, these startups raised nearly $80m in their recent rounds.

Correction: A previous version of this article stated that Case had raised $1.5m in seed funding. CEO Melanie Shapiro since confirmed with CoinDesk that this figure is $1.25m.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.