Blockchain Raises $40 Million, Aims to Develop Financial Solutions

Blockchain, the open source project building tools for using digital currencies, has announce that it has raised a Series B of $40 million with Lakestar and GV – formerly Google Ventures – with additional participation from Nokota Management and Digital Currency Group. Besides these participants, existing investors including Lightspeed Venture Partners, Mosaic Ventures, Virgin, and Sir Richard Branson also contributed to the round of funding.

Peter Smith, CEO & Co-Founder, stated: “I’m extremely proud and humbled by the progress we’ve made – millions of active users around the world, exchange partnerships in 34 countries, billions in monthly consumer volume, and an API platform used by some of the biggest companies in our field.”

 

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