Secures $30 Million in Funding through Blockchain Venture

Major online Bitcoin wallet platform Blockchain secures $30 million investment from outside backers. Funds primarily sourced from Series A financing led by Lightspeed Venture Partners and Wicklow Capital group. Notably, Blockchain is the largest Bitcoin wallet system to date.

Secures $30 Million in Funding through Blockchain Venture

In a groundbreaking move, Blockchain, the world's leading Bitcoin wallet system, has secured $30 million in Series A financing. This funding round was led by Lightspeed Venture Partners and Wicklow Capital group, with other investors and partners joining who bring expertise in financial services and consumer technology.

This investment comes as Blockchain continues to grow exponentially, having more than 2.3 million users who transfer over $26 billion worth of Bitcoins annually. The company's wallet has become the preferred choice for consumers, holding more Bitcoins than any other.

Peter Smith, President of Blockchain, shared his excitement about the funding, stating that it will be used for the development of innovative features for Blockchain users. The funds will also support international expansion and preparation to accommodate 20 million future users.

Jeremy Lew from Lightspeed Venture Partners emphasised the importance of Bitcoin wallets in the Bitcoin ecosystem. He expressed confidence in Blockchain's potential to lead the Bitcoin value chain.

The announcement was made in a press release, marking a significant milestone for Blockchain. The funding is the first of its kind, indicating a growing interest in Bitcoin and its associated technologies.

Richard Branson, the renowned entrepreneur, also expressed excitement about the potential for global transformation in payments powered by Bitcoin. This investment in Blockchain is a testament to the growing belief in the future of Bitcoin and its ability to revolutionise the financial industry.