# CoolBitX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coolbitx

- Industry: Hardware
- Headquarters: Taipei, Taiwan - China
- Website: www.coolbitx.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Mar 10, 2017)
- Investors on record: 3

## About

Established in 2014 and based in Taipei, China, CoolBitX Inc. is a company that develops smart virtual currency wallets. The company utilized Smart Displayer's technology to design CoolWallet, a virtual currency wallet to replace USB hard drives. In 2015, the company closed a $500,000 seed round led by Kyber Capital. In early 2018, an iteration of CoolWallet S (CoolWallet) was developed was completed. The company's CEO, Mr. Michael Ou, also owns Smart Displayer, a company that designs display cards for Visa, MasterCard and others. In February 2020, the company closed a round of USD 16.75 million series B funding.

The company focuses on the development of crypto-digital currency supporting hardware and software products, including the CoolWallet series of apps and crypto-digital currency cards (virtual currency wallets), as well as sygna, a modular crypto-currency anti-money laundering series of products. The company's digital encryption products can realize real-time virtual currency transactions, balance inquiries and other basic functions, while combining the company's own encryption and blockchain attack prevention technology to ensure the security of customer accounts.

## Funding rounds

- Seed, Mar 10, 2017, $0.5M — Midana Capital, Bitmain Technologies Holding Company, Kyber Capital

## Investors

- Midana Capital (https://capitalatlas.ai/funds/midana-capital) — Seed
- Bitmain Technologies Holding Company — Seed
- Kyber Capital (https://capitalatlas.ai/funds/kyber-capital) — Seed