What is CoolBitX?
Founded in 2014 and headquartered in Taipei City, Taiwan, CoolBitX operates at the intersection of FinTech and blockchain security. The company is recognized for its U.S.-patented hardware solutions designed to safeguard digital assets, alongside its development of advanced smart contract platforms. This dual focus positions CoolBitX as a key enabler for secure blockchain adoption, catering to a growing demand for robust digital asset management and transaction security in an increasingly complex financial landscape.
How much funding has CoolBitX raised?
CoolBitX has raised a total of $30.4M across 4 funding rounds:
Unspecified
$200K
Unspecified
$500K
Series A
$13M
Series B
$16.8M
Unspecified (2017): $200K with participation from FundedHere
Unspecified (2017): $500K, investors not publicly disclosed
Series A (2018): $13M supported by SBI Holdings
Series B (2020): $16.8M featuring SBI Crypto Investment Co, Monex Group, BitSonic, and National Development Fund of Taiwan
Key Investors in CoolBitX
SBI Crypto Investment Co
SBI Crypto Investment Co is an undisclosed investor participating in the funding round, likely focused on digital asset and blockchain ventures.
Monex Group
Monex Group is a Mexican foreign exchange company specializing in international transactions and payment services for commercial clients, indicating a strategic interest in the broader FinTech ecosystem.
FundedHere
FundedHere provides funding solutions for online sellers in Southeast Asia, enabling them to scale their e-commerce businesses. Their participation suggests an interest in CoolBitX's potential for market expansion and innovative financial technology.
What's next for CoolBitX?
The recent major strategic investment signifies CoolBitX's transition into a scaling phase, likely aimed at accelerating product development, expanding market reach, and enhancing its global presence. With a foundation built on secure hardware and smart contract technology, the company is well-positioned to capitalize on the evolving FinTech and cryptocurrency markets. Future endeavors may include further innovation in hardware security, broader adoption of its smart contract platforms, and strategic partnerships to solidify its leadership in blockchain security solutions.
See full CoolBitX company page
