Bitcoin wallet provider Breadwallet has announced $7 million in new funding.
The startup – which debuted in 2014 – raised funds from a group of investors that includes DAS Capital, East Ventures, Globe Advisors, Liberty City Ventures, Maffin Inc, OKWAVE and Saison Ventures. An unnamed group of angel investors and family offices also took part in the round, according to the firm.
Perhaps more notably, the startup has also announced that it is setting up new headquarters in Switzerland.
Adam Traidman, Breadwallet's founder and CEO, said of the move:
In statements, investors participating in the funding round struck a bullish tone on the prospects of future cryptocurrency adoption and the potential for the startup.
"We believe that digital currency will become increasingly influential as the industry continues its rapid expansion, and Breadwallet is well-positioned to be a dominant leader in the space," said Shinji Kimura, founder of DAS Capital.
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