Swedish Startup Space

Bitcoin company Safello raises $250,000 investment from Barry Silbert’s Bitcoin Opportunity Corp.

Written by on July 10, 2014

Safello, who we’ve been following closely here at SwedishStartupSpace and first wrote about in August 2013 have been on a bit of a fundraising roll of late. After raising $600k from some of Bitcoin’s heaviest hitters just a few months ago, they’ve followed up with another $250k from Barry Silbert’s Bitcoin Opportunity Corp – the most prolific investor in the digital currency space with investments in nearly 30 companies including BitPay, CoinBase, Ripple Labs, Circle, Xapo and BitPesa.

Barry Silbert, CEO and Founder of Bitcoin Opportunity Corp about the investment:

“In a very short period of time, the Safello team has created a leading European platform for buying, storing and selling bitcoin. Their user and transaction growth is accelerating and I’m thrilled to join a group of fantastic investors to help support Safello’s rapid growth and ambitious product plans.”

Frank Schuil, CEO and Co-founder of Safello about the investment:

“We are on a mission to change the way people spend and perceive money. To accomplish this on a global scale we need to be best in class. This applies to our product, team, network and investors. Safello is honoured to have Bitcoin Opportunity Corp. onboard and work with Barry Silbert who has the deep market knowledge and network required to help us pull this off.”

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