Big Names Put Cash In Bitcoin Startup 21 Inc.

21incbitcoin12 Mar 2015 / WSJ – A Silicon Valley startup has persuaded some of the biggest names in venture capital to put $116 million behind its plan to turn the technology behind bitcoin into a mass-marketed phenomenon.

The funding, raised over a series of rounds for San Francisco-based 21 Inc., is the largest investment yet accumulated by a startup in the digital-currency sector, based on data from bitcoin news service Coindesk.

The company hasn’t disclosed an independent valuation. Nor has it publicly disclosed precisely how it will use those funds, though Chief Executive and co-founder Matthew Pauker flagged “several interesting developments over the next weeks and months” that will deal with software and hardware products designed “to drive mainstream adoption of bitcoin.” …… Read more



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