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Blockchain Raises $30 Million in Growth Capital


In a massive Series A funding round led by Lightspeed Venture Partners and Wicklow Capital, bitcoin wallet innovator Blockchain announced today that it has raised $30 million in growth capital.

The successful round comes as the company celebrates reaching 2.3 million consumers with its private, secure, and portable bitcoin wallets. Writing at the Blockchain blog, the company credits Lightspeed Venture Partners for being one of the first Silicon Valley firms to begin paying serious attention to the bitcoin phenomenon. Wicklow Capital also comes in for commendation, with Blockchain hoping to leverage Wicklow’s experience and leadership in developing “technology enabled trading and financial services”.

Blockchain also announced new additions to its board of directors, onboarding Richard Branson, Mosaic Ventures, and Prudence Holdings, among others.
Founded in 2011 by Ben Reeves as a way to study and analyze the bitcoin market, Blockchain is the maker of the first, Java-based, client side bitcoin wallet that makes it easy for individuals to store and use their bitcoins. Calling itself the “de facto search engine for the bitcoin economy,” Blockchain manages more than two million bitcoin wallets, representing more than $21 billion in total payment volume.
Reeves currently serves as Blockchain CTO, Nicholas Cary is CEO, and Peter Smith is President.
Blockchain participated in the first FinDEVr conference last week in San Francisco, where they demonstrated their core API for bitcoin development. Read more about the company’s FinDEVr presentation here.