Selected 1999

Xapo

  • Country Argentina
  • Lead Investors Emergence Capital Partners, Greylock Partners, Index Ventures
  • Industry Technology: Bitcoin
  • Investment Date July 2014

Entrepreneurs

Description

Xapo combines the convenience of an everyday bitcoin wallet with the security of a deep cold storage vault. Xapo was founded with the aim of making the bitcoin currency more secure and accessible. The Xapo Wallet operates through a mobile app and online and includes the ability to transfer funds to and from the Xapo Vault. In April 2014, Xapo introduced a debit card that links to the user’s Xapo Wallet and
will function like a standard debit card, except that it is backed by bitcoins instead of traditional currency.

Fun Fact

Xapo is Wence’s 6th company. His previous ventures include Patagon (acquired by Santander Bank for $750M in 2000); Wanako Games (acquired by Activision in 2006); Lemon Bank (acquired by Banco do Brasil in 2009); and Lemon, a digital wallet platform (acquired by LifeLock for $43M in 2013).

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