Total amount raised
$27.1 Millions
Latest funding date
Location
Casa has successfully raised funding through a Series A round, attracting 20 investors, including Castle Island Ventures and StillMark. The platform offers secure storage solutions for Bitcoin and other digital assets, emphasizing self-custody and inheritance planning.
Keep reading to explore the intricacies of Casa's fundraising journey and the investors backing this innovative platform.
What Is Casa?
Casa, founded in 2016, operates in the Bitcoin, cryptocurrency, FinTech, security, and wealth management industries. Based in Denver, Colorado, the company was established by Jameson Lopp, Jeremy Welch, and Nick Neuman.
With a team of 11-50 employees, Casa provides secure storage solutions for digital assets, emphasizing self-custody and inheritance planning. The company uses a multi-location security model to protect users from theft, accidents, and disasters, ensuring the safe management of cryptocurrencies and private keys.
How Much Funding Has Casa Raised?
- Series A
- Amount Raised: $21M
- Date: December 2021
- Lead Investors: Castle Island Ventures, StillMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand secure cryptocurrency storage solutions and enhance technology.
- Seed Round
- Amount Raised: $4M
- Date: February 2021
- Lead Investors: Avon Ventures, Tioga Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic hires, product development, and user base growth.
- Seed Round
- Amount Raised: $2.1M
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and secure early-stage growth.
Total Amount Raised: $27.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Acrew Capital
- Details: Acrew Capital is a venture capital firm that invests in early-stage companies. They focus on building long-term partnerships with founders.
- Investment Focus Areas: FinTech, cybersecurity, enterprise software.
- Notable Investments: Chime, Exabeam, Pie Insurance.
- Avon Ventures
- Details: Avon Ventures is a venture capital fund affiliated with Fidelity Investments. They invest in innovative companies in the cryptocurrency and blockchain sectors.
- Investment Focus Areas: Cryptocurrency, blockchain, FinTech.
- Notable Investments: BlockFi, Coin Metrics, FalconX.
- Tioga Capital Partners
- Details: Tioga Capital Partners is a venture capital firm that focuses on early-stage investments. They aim to support innovative technology startups.
- Investment Focus Areas: Technology, financial services, blockchain.
- Notable Investments: Not publicly disclosed.
- Cadenza Ventures
- Details: Cadenza Ventures is a venture capital firm connected to BitMEX. They invest in companies within the cryptocurrency and blockchain sectors.
- Investment Focus Areas: Cryptocurrency, blockchain, FinTech.
- Notable Investments: Not publicly disclosed.
- Coinbase Ventures
- Details: Coinbase Ventures is the investment arm of Coinbase, a major cryptocurrency exchange. They invest in early-stage cryptocurrency and blockchain startups.
- Investment Focus Areas: Cryptocurrency, blockchain, FinTech.
- Notable Investments: Not publicly disclosed.
What's Next for Casa?
Casa stands at the cusp of significant growth opportunities. With the increasing focus on security among Bitcoin investors, Casa's secure and intuitive platform for managing private keys positions it well to expand its user base. The launch of Casa Covenant, a Bitcoin inheritance tool, opens new avenues in estate planning for cryptocurrency holders.
Future fundraising opportunities appear promising, given the successful seed round and the involvement of high-profile investors. This could attract more venture capital interest, enabling Casa to further expand its operations and product offerings. However, the competitive landscape in the cryptocurrency security space and regulatory challenges could pose hurdles along the way.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Casa and gather other critical business insights. Sign up for free to enhance your sales strategies and stay ahead in the competitive market.
