Breadwallet gets a $7 million investment, partly from unknown sources

Breadwallet – a cryptocurrency wallet service founded in 2014 and actively developing since then – has managed to attract investors who gave the company a total sum of 7 million U.S. dollars, CoinDesk reports.

This wallet service has appeared in the news lately, announcing it will soon launch the BCC transfer support in its application, thus indicating its openness to innovative ideas and new opportunities. At that time (10 August 2017) Bitcoin Cash was still a very new cryptocurrency for the market and not many companies supported it.

Apparently, the investors – including but not limited to DAS Capital, East Ventures, Globe Advisors, Liberty City Ventures, Maffin Inc, OKWAVE and Saison Ventures – saw that the team of Breadwallet is not going to let them down. The company stated that “an unnamed group of angel investors and family offices” (according to CoinDesk) also decided to invest in this startup.

This company’s recent statements indicate that its business is developing well: they plan to expand their business activities, public relations team and establish new headquarters in Switzerland, which, as we know, is very liberal when it comes to cryptocurrencies.