Mirror raises $12.8M in Series A round

What does Mirror do?

Mirror, is a global peer to peer trading platform which democratizes access to financial markets. This online bitcoin which aims in providing more liquidity to bitcoin markets. It was formerly called as Vaurum. This online bitcoin exchange aims in building a mirror to the traditional financial system by providing more liquidity to the bitcoin markets. This prediction platform is democratizing access to financial markets.

How much Mirror was funded?

Mirror raised $8.8M in Series A funding on June 3, 2015 from the investors Tim Draper, Crosslink Capital, RRE Ventures, Route 66 Ventures, Battery Ventures and Ripple Labs

Previous funding

$4M in Seed round on May 7, 2014

What is next for Mirror?

The total investments in the company to date amounts to $12.8M. Pascal Bouvier, Route 66 Ventures’ General Partner, will join the company’s board. It is constructing an attractive contracts platform which enables P2P trading using bitcoin, for democratizing the financial markets access. Its decentralized market is enabling new ways for hedging business and economic risks at a fraction of what it would normally cost.

CEO and co-founder of Mirror, Avish Bhama, said that the company is building tools for traditional financial assets, leveraging the protocol of Bitcoin. The company plans to use the new funding raised for continuing in building its engineering team and scaling its international operations.

More about Mirror

Mirror was founded in 2011 by Avish Bhama and Sean Lavine. It has its headquarters in Palo Alto, CA. The company leverages blockchain technology for allowing individuals and businesses in creating and exchanging smart financial contracts. Their peer to peer market enables efficiency in hedging economic and business risks at a fraction of the costs of today. The company believes there should be trustworthy, globally accessible financial ecosystem and it is using Bitcoin for constructing this ecosystem.