Unocoin raises $1.5m in pre series-A investment round

Investing | October 7, 2016 By:

Unocoin announced it has raised $1.5 million in a pre ‘Series-A’ investment round, a record high for any digital currency venture in Indian history.

The round featured a mixture of domestic and international investors, including ah! Ventures, Blume Ventures (which led the round) and Mumbai Angels, as well as BoostVC, BnkToTheFuture, Digital Currency Group and FundersClub.

“We’re honoured to have this type of support from top investors. India has the largest gold, inward remittance, and IT markets in the world, all of which make it a perfect home for bitcoin and blockchain technology,” said Unocoin co-founder and CEO Sathvik Vishwanath.

Unocoin is an India-based bitcoin wallet provider.