US-based bitcoin-centric hardware developer Foundation Devices has raised $7 million in a seed round led by Polychain Capital.
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The Boston-based company said in a blog announcement that other investors, including Greenfield Capital and Lightning Ventures have also participated in the funding. With the funding, Foundation wants to onboard more staff and build more open-source hardware and software products.
Launched in April 2020, Foundation Devices has created a set of products aimed at the Bitcoin ecosystem. The company developed Passport, a bitcoin (EXANTE: Bitcoin) hardware wallet, and Envoy, a mobile app for storing crypto.
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