Breadwallet Raises $7M in Investment Funding

Announcements, Blockchain, FinTech, Innovation, Investing, News | August 18, 2017 By:

Bitcoin wallet provider Breadwallet has raised $7 million in a venture funding round.

Breadwallet investors include DAS Capital, East Ventures, Globe Advisors, Liberty City Ventures, Maffin Inc., OKWAVE, and Saison Ventures. This list does not include private investors, family offices, or other funds around the world.

Breadwallet, which currently operates in over 150 countries, plans to use the funding to expand its business development and marketing teams, as well as invest in new functionality for the bitcoin wallet itself.

“We are investing in breadwallet due to its unique business model and forward thinking strategy,” said Shinji Kimura of DAS Capital. “We believe that digital currency will become increasingly influential as the industry continues its rapid expansion, and breadwallet is well-positioned to be a dominant leader in the space.”

The company also announced that they would be moving their headquarters from San Francisco to Switzerland.

“Switzerland has emerged as a hotbed of digital currency startup activity, and we were attracted by its leadership in conservative financial legislation,” said Adam Traidman, CEO of Breadwallet. “Its strong reputation for financial privacy for consumers is the ideal fit for our charter to empower individuals with the benefits of bitcoin.”