Case, a New York-based blockchain technology company, announced Friday (June 19) that it secured $1.5 million in its latest seed funding round, led by Future\Perfect Ventures, along with RRE Ventures, High Line Venture Partners and the Rochester Institute of Technology Fund, among others.
“The recent announcement that the NASDAQ is piloting blockchain technologies for different use cases underscores the promise of the technology and Case is poised to provide trusted, decentralized and biometrically secure signing of those and similar transactions,” Case CEO Melanie Shapiro said in a company release.
“We’re looking forward to providing uncompromised security and ease-of-use for bitcoin buyers, sellers and users, to unlock the potential of bitcoin and blockchain technologies. Making highly secure signing and authentication available across a variety of applications is just the beginning,” Shapiro added.
The funding round comes shortly after the launch of Case’s credit card-sized hardware bitcoin wallet, which leverages multi-signature, multi-factor security with visual validation and global GSM connectivity. The wallets are available for pre-order now and will ship later this summer.
With new funding in tow, the wallet provider will work toward developing partnerships with financial services organizations and pursuing widespread market adoption of its products.
While researchers try to pin down the exact profile of a bitcoin user, Case is determined to continue facilitating blockchain transactions as adoption of the technology grows.
“Future\Perfect Ventures is thrilled to partner with Melanie Shapiro and Case, which has developed leading edge technology to provide secure blockchain transactions for individuals and enterprises,” said founding partner of Future\Perfect Ventures Jalak Jobanputra in a statement. “We look forward to working with Case’s world-class team to drive adoption of digital transactions and provide broader, more efficient access to financial services for the global market.”
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