Casa Raises $21M for Series A Funding

casa

Casa, a Denver, CO-based creator of a safe way to store bitcoin, raised $21m in Series A funding.

The round was led by Acrew Capital, with participation from new investors Positive Sum Ventures, Naval Ravikant, Scott Belsky, and others, and existing investors Avon Ventures (who led last year’s seed funding round), Stillmark, Tioga Capital, Castle Island Ventures and Lerer Hippeau.

The company plans on using the funds to expand its core offering, which includes customer-requested services like lending and borrowing.

Casa is led by Nick Neuman as CEO. Casa provides tools for Bitcoin self-custody and allows individuals to manage their wealth through secure Bitcoin private keys.

A new API was also announced by the company. It will allow any business to integrate multisignature wallets into their financial products and services. The API provides a range of capabilities including the ability to confirm financial information in order to approve loans, manage retirement investments seamlessly, and deposit Bitcoin automatically into their Casa accounts. Launch partners include Swan, which will soon enable automated “Deposit to Casa” functionality; Choice IRA, enabling users to display their self-directed IRA Bitcoin assets live within the Choice dashboard; and Hoseki, which will connect to Casa wallet to provide proof of funds for traditional lenders.

Each of the new services will be protected by Casa’s multisig technology, which helps users safeguard their bitcoin keys by ensuring that security is simple and usable for all.

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