Coinbase Ventures Joins $23M Funding Round for Crypto Custody Firm

[Tnoy30]

Curv, a company that provides increased secrecy when it comes to holding crypto assets, has closed a $23 million Series A funding round.

Announced Wednesday, the crypto custody tech provider, which uses a technique called multi-party computation (MPC), received investment from CommerzVentures, Coinbase Ventures, Digital Currency Group (DCG), Team8 and Digital Garage Lab Fund.

Curv closed a $6.5 million seed round in February of last year, which makes the total raised so far almost $30 million. Backing from the likes of CommerzVentures (the venture arm of German banking powerhouse Commerzbank and the main investor in the Series A) and Coinbase Ventures suggests MPC is popular with both the traditional and crypto space.
Read on: https://www.coindesk.com/coinbase-ventures-joins-23m-funding-round-for-crypto-custody-firm-curv