San Francisco-based Mirror, a peer-to-peer trading platform that uses bitcoin, has raised $8.8 million in Series A funding. Route 66 Ventures led the round with participation from return backers that include RRE Ventures, Crosslink Capital, Battery Ventures and Tim Draper. In conjunction with the funding, Pascal Bouvier, a general partner at Route 66 Ventures, has been added to the company’s board.
SAN FRANCISCO, June 3, 2015 —Mirror, a “blockchain-technology” company building a new financial platform, today announced it has received $8.8 million in Series A funding led by Route 66 Ventures with participation from existing investors including RRE Ventures, Crosslink Capital, Battery Ventures and Tim Draper. This additional capital brings the total funds raised by Mirror to $12.8 million. Pascal Bouvier, General Partner at Route 66 Ventures, will join the company’s board.
Mirror is building a smart contracts platform that enables peer-to-peer trading, using bitcoin, to democratize access to financial markets. The company leverages blockchain technology—the technology that underlies bitcoin and helps create a public, online ledger to verify transactions in digital currencies—to allow individuals and businesses to create and exchange financial contracts. Mirror’s decentralized market enables new ways to hedge economic and business risks at a fraction of the normal cost.