According to TechFlow, Bitcoin tool developer Foundation Devices announced the completion of a $7 million seed round of financing, led by Polychain Capital, with participation from Greenfield Capital, Lightning Ventures, Third Prime, Warburg Serres, Unpopular Ventures and Bolt.

Foundation Devices will use the funding to continue expanding its engineering and design teams and building products, with a near-term focus on software services.

As previously reported, in July 2020, Foundation Devices announced the launch of the Bitcoin hardware wallet Passport. It is reported that Foundation Devices was created by Zach Herbert, the former COO of the decentralized storage project Sia. Original link