Blockchain bags $40m for Series B funding round

London-based Blockchain has bagged $40m for its Series B funding round.

Among those taking part in the funding included Lakestar, Google Ventures, Nokota Management and Digital Currency Group.

Alongside new investors were several returning firms including Lightspeed Venture Partners, Mosaic Ventures, Prudence Holdings, Virgin, and Sir Richard Branson.

Blockchain is a digital assets production platform, which also offers real time transaction data for users to analyse the current economy.

It Bitcoin wallet allows customers to safe guard their own money, with the company having no access to its contents, balance or transactions.

The platform is used by millions of users and has exchange partnerships in 34 countries, as well as an API app used by various companies, according to the company.

This capital will allow the company to make bold bets in research and development, while also expanding globally.

New products which will allow everyone to transact, save or hedge digital assets are also planned.

This funding round marks the largest by any digital currency business to date and brings the company total funding to $70m having raised $30m for its Series A in 2014.

Copyright ? 2017 FinTech Global

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