London based bitcoin platform Blockchain has raised $40m in Series B funding led by Lakestar. Blockchain has been working on the most popular bitcoin wallet in the world. You can open a wallet on the company’s website or through its mobile apps.
This is quite a significant funding round for a cryptocurrency startup. Blockchain is surfing on the hype surrounding bitcoins, ethers, litecoins and initial coins offering. And I’m sure other cryptocurrency startups are currently raising more funding too. Blockchain currently claims to manage more than 14 million wallets. When the startup announced its previous $30 million funding round, it was only managing 2.3 million bitcoin wallets at the time. Many popular bitcoin services, such as Coinbase, manage your wallet for you and operate an exchange. It means that you can create an account and buy bitcoins on the same platform.