Casa, a Denver, CO-based creator of a secure option to retailer bitcoin, raised $21m in Series A funding.
The spherical was led by Acrew Capital, with participation from new traders Positive Sum Ventures, Naval Ravikant, Scott Belsky, and others, and present traders Avon Ventures (who led final yr’s seed funding spherical), Stillmark, Tioga Capital, Castle Island Ventures and Lerer Hippeau.
The firm intends to make use of the funds to develop its core providing, together with customer-requested monetary companies corresponding to borrowing and lending.
Led by CEO Nick Neuman, Casa builds instruments on the forefront of Bitcoin self-custody, enabling people to take management of their wealth by holding their very own Bitcoin personal keys in a safe method.
The firm additionally introduced a brand new public API which can energy a brand new technology of Bitcoin-enabled monetary companies by enabling any enterprise to combine multisignature (multisig) wallets inside their monetary services and products. The API unlocks a variety of capabilities, together with confirming monetary info for conditions together with mortgage approval, seamlessly managing retirement investments, and mechanically depositing Bitcoin to their Casa account. Launch companions embrace Swan, which can quickly allow automated “Deposit to Casa” performance; Choice IRA, enabling customers to show their self-directed IRA Bitcoin property dwell throughout the Choice dashboard; and Hoseki, which can connect with Casa pockets to supply proof of funds for conventional lenders.
Each of the brand new companies might be protected by Casa’s multisig expertise, which helps customers safeguard their bitcoin keys by guaranteeing that safety is straightforward and usable for all.