F2Pool Founder’s Crypto Wallet Startup Raises $13 Million in New Funding

Cobo, a Beijing-based cryptocurrency wallet startup, has closed a $13 million Series A funding round in its bid to expand its services overseas.

The company announced the latest equity financing on Wednesday, which is backed by Danhua Venture Capital, the NEO Foundation and Wu Capital, a China-based family office and limited partner in funds created by investment firms like Sequoia China.

Launched in November 2017, Cobo was founded by Mao Shixing, a.k.a Discus Fish in the Chinese crypto community, and a former Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) engineer named Jiang Changhao, whose previous crypto wallet startup Bihang was acquired by OKCoin in 2013.

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