Casa $4m seed funding: Plans for growth and expansion
Since Casa was founded, we have worked hard to create products that improve the security and user experience of bitcoin. We’ve built trust with our customers and the larger ecosystem as we work to help people around the world to invest in and secure bitcoin. As we continue building toward the Casa vision, we are excited to partner with a new and returning group of investors in our recent seed funding round of $4 million.
The round is led by Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments. We’re also bringing on first-time investment from Tioga Capital, Cadenza Capital Management, Coinbase Ventures, and Champion Hill Ventures. Existing investors participated heavily, including Lerer Hippeau, Castle Island Ventures, Compound VC, Precursor Ventures, and Fabric Ventures.
Previous investors in Casa include Stillmark, Mantis VC, Fulgur Ventures, Boost VC, and Meltem Demirors.
Additionally, we welcome Avon partner Sachin Patodia to our Board of Directors. We are incredibly grateful for Alyse Killeen’s insight as a Board Member over the last year, and we asked her to remain as a Board Observer so we can continue to benefit from her expertise.
Growing the Casa family and product roadmap
As we grow in the weeks, months, and years ahead, we plan to utilize this funding to expand our team and our product functionality.
Along with bringing on best-in-class talent to join the Casa family (see all job postings here), we’ll continue building the most innovative, secure, and user-centric personal key manager in the world. Casa will continue to be the safest way to store your bitcoin, no matter how much bitcoin you own.
“Many of the major exchanges and custodians in the industry believe in the power of self-custody, and that’s why they’ve invested in Casa as the best option for individuals to hold their own keys,” said Nick Neuman, Casa co-founder and CEO. “This support is immensely encouraging for the roadmap we have planned for the year ahead.”
Casa in 2021 and beyond
2020 was a year of massive growth and expansion. As we forge the future of personal key management, we are perfectly positioned to build on the momentum gained in 2020, where we delivered a series of new services and features on top of our foundational bitcoin multisig security offering in the Casa App.
Casa’s 2020 innovations included the ability for anyone to buy bitcoin straight to their secure Casa storage, skipping exchanges entirely, and the launch of Casa Covenant, the only bitcoin inheritance solution that combines inheritance capabilities with maintaining control of private keys.
In 2021, Casa will remain focused on enabling secure and simple bitcoin self-custody for anyone. Sachin Patodia, partner at lead investor Avon Ventures, said,
“Casa has built a product that combines best-in-class security with an intuitive user experience. Bitcoin owners no longer have to decide between simplicity and security for their bitcoin – Casa provides both.”
As we continue to grow and expand, the Casa team is immensely grateful for the trust our investors have in our ability to truly provide best-in-class bitcoin custody solutions to people all over the world.