Foundation Devices: Closes $7M Seed Funding

Foundation Devices Closes $7M Seed Funding

• Foundation Devices, a Boston, MA-based computing company that develops Bitcoin-centric tools, raised $7M in Seed funding
• The round was led by Polychain Capital, with participation from Greenfield Capital, Lightning Ventures, Third Prime, Warburg Serres, Unpopular Ventures, and Bolt
• The company intends to use the funds to continue expanding its engineering and design teams and building sovereignty products, with a short-term focus on software services
• FoundationDevices builds products that make Bitcoin and decentralized technologies accessible to everyone, enabling users to reclaim their digital sovereignty
• The flagship product, Passport, a Bitcoin hardware wallet, offers a combination of design, hardcore security, and a mobile-first approach with QR codes