Case Wallet Inc. today announced the company has secured $ 1.5 million in funding led by Future\Perfect Ventures, along with RRE Ventures, High Line Venture Partners and theRochester Institute of Technology Venture Fund, among others.
The company’s funding round follows the recent launch of Case’s credit card-sized hardware wallet at TechCrunch Disrupt NY. Selected to debut among TechCrunch’s Startup Battlefield, the device leverages multi-signature, multi-factor security with visual validation and global GSM connectivity.
Case Chief Executive Officer Melanie Shapiro commented:
The recent announcement that the NASDAQ is piloting blockchain technologies for different use cases underscores the promise of the technology and Case is poised to provide trusted, decentralized and biometrically secure signing of those and similar transactions. We’re looking forward to providing uncompromised security and ease-of-use for bitcoin buyers, sellers and users, to unlock the potential of bitcoin and blockchain technologies. Making highly secure signing and authentication available across a variety of applications is just the beginning.
Case is developing partnerships with financial services organizations with the goal of driving greater consumer adoption of products that deliver the best security and privacy.
Jalak Jobanputra, founding partner of Future\Perfect Ventures, added:
Future\Perfect Ventures is thrilled to partner with Melanie Shapiro and Case, which has developed leading edge technology to provide secure blockchain transactions for individuals and enterprises. We look forward to working with Case’s world-class team to drive adoption of digital transactions and provide broader, more efficient access to financial services for the global market.
As part of the launch, Case recently announced the availability of a limited number of its bitcoin wallets on a pre-order basis through the company’s website.
Future\Perfect Ventures is a New York City-based early stage venture capital fund investing smart data analytics across the financial services, healthcare, education, commerce and media verticals. The company was founded by former entrepreneur and VC veteran Jalak Jobanputra, who has invested in successful companies globally since 1999, including Yodlee, Quikr, Financial Engines, TXVia and Schoolnet.