RoundlyX, a Richmond startup playing in the cryptocurrency sector, has raised a $2 million round to further expand its operations.
The company has a platform that allows users to round up their daily purchases to the nearest dollar and then apply that amount to cryptocurrency investments. Founders Andrew Elliott and Will Trible, who launched the company as Coin Savage in 2017, have previously said they aim for RoundlyX to be the Mint.com of digital assets, giving customers a place to manage their Bitcoin and other digital currencies — and invest responsibly.
The new seed round, as Elliott called it, includes return participation from the Virginia Innovation Partnership Corp. (which recently rebranded itself after being called the Center for Innovative Technology for decades) and Canada’s Allied Venture Partners. The new round, which closed in January, also includes new investors Frontier Venture Capital of Boulder, Colorado; Riverbend Capital of Great Falls, Virginia; the Blockchain…
Read the full story from the Washington Business Journal.
