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.
Led by CEO Zach Herbert, Foundation Devices 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. Its open-source products include Envoy, a mobile app which offers the easiest onboarding and user experience of any Bitcoin wallet, with maximum privacy using the Tor network, a free and open-source software for enabling anonymous communication.