Bitcoin (BTC) hardware wallet manufacturer Foundation has raised $6.4 million in a funding round led by Fulgur Ventures with participation from Arche Capital to help accelerate its expansion beyond bitcoin self-custody wallets.
"We aim to support Bitcoin companies that can scale and solve real problems for large markets," Fulgur Ventures Partner Oleg Mikhalsky said in a statement shared with The Block. "Foundation is taking the discipline of self-custody, open source software, dedicated hardware, and explicit user approval, and extending it beyond Bitcoin into identity, multi-factor authentication, and AI agent authorization."
The new capital brings Foundation's total fundraising to $16.5 million, though the structure of the round and a post-money valuation were not disclosed.
"I backed Foundation's original vision in 2022 because Zach and Ken understood that the long game was not just simple signing devices, but secure operating systems coupled with secure hardware enabling users to manage their entire digital lives," said Will Wolf, Partner at Arche Capital, who led Foundation's 2022 seed round from Polychain Capital.
Passport Prime and KeyOS
