FinTechFunding

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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