Bitcoin Hardware Wallet Maker Foundation Devices Completes $7 Million Seed Round

Bolt, an aboriginal signifier task fund, antecedently led a seed round for Foundation which amounted to $2 million. That was conscionable a period aft Foundation’s motorboat of its archetypal flagship product, the Passport.

Since then, the institution has released the second edition of the flagship Passport, “which continues to summation traction and adoption among consumers with thousands of Passports sold implicit the past 18 months,” according to today’s press release.

The institution is besides focused connected its caller mobile app titled “Envoy” which aims to service arsenic a standalone sovereignty toolkit implicit with a Bitcoin bundle wallet. According to Foundation, “Envoy offers the easiest onboarding and idiosyncratic acquisition of immoderate Bitcoin wallet, with maximum privateness utilizing the Tor network, a escaped and open-source bundle for enabling anonymous communication.”

Reiterating the company’s absorption connected privateness and sovereignty, CEO Zach Herbert stated that “Preserving state and privateness is much important than ever amidst worldwide censorship, privateness violations, and reckless fiscal and monetary policies.”

Polychain Capital Founder and CEO Olaf Carlson-Wee commented connected the raise, saying, “We are incredibly excited to enactment them connected the adjacent signifier of their imaginativeness to empower self-sovereign individuals done decentralized technologies.”