Taiwan-based cryptocurrency wallet developer CoolBitX has received $13m in funding from backers including financial services firm SBI, Bitcoinist has reported.
Founded in 2014, CoolBitX has created a hardware device, CoolWallet, which allows users to store their crypto assets in a secure offline card and spend them using encrypted bluetooth technology. It has just released a new iteration of the product called CoolWallet S.
SBI invested the money in March this year, providing what was at the time an undisclosed amount in return for a 40% stake in CoolBitX. The deal came a year after the company raised $500,000 in a round led by VC firm Kyber Capital and backed by medical equipment maker iMediPlus.
CoolBitX’s website also lists bitcoin miner Bitmain, investment firm Midana Capital and blockchain traceability platform developer OwlTing as investors.
