In February 2014 Safello announced its seed investment round of $600k USD lead by Bitcoin evangelist Erik Voorhees and joined by active Bitcoin investor Roger Ver, Blockchain.info CEO Nicolas Cary and prominent angel investors. Today Safello announces it has secured follow on funding from Bitcoin Opportunity Corp., the world's most prolific Bitcoin fund founded by SecondMarket Founder Barry Silbert. The funds will be allocated to strengthen Safello's foothold in the European Bitcoin market and expand its product line. Details of the investment were not disclosed.
Barry Silbert, CEO and Founder of Bitcoin Opportunity Corp about the investment:
"In a very short period of time, the Safello team has created a leading European platform for buying, storing and selling bitcoin. Their user and transaction growth is accelerating and I’m thrilled to join a group of fantastic investors to help support Safello’s rapid growth and ambitious product plans."
Frank Schuil, CEO and Co-founder of Safello about the investment:
"We are on a mission to change the way people spend and perceive money. To accomplish this on a global scale we need to be best in class. This applies to our product, team, network and investors. Safello is honoured to have Bitcoin Opportunity Corp. onboard and work with Barry Silbert who has the deep market knowledge and network required to help us pull this off."
About Bitcoin Opportunity Corp:
Created by Barry Silbert, founder of SecondMarket, Bitcoin Opportunity Corp. is the most prolific investor in the digital currency space with investments in nearly 30 companies including BitPay, CoinBase, Ripple Labs, Circle, Xapo and BitPesa.
For more information visit https://dcg.co/
Safello is a Swedish, Stockholm based company founded in July 2013. The company is focused on supporting the cryptocurrency market with a safe way to buy, sell, store and use bitcoins. Its team consist of security specialists, serial entrepreneurs and bitcoin experts. With 87 banks supported in 11 countries Safello has quickly established a leading position in the European Bitcoin market.
For more information visit www.safello.com