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Peter Thiel Backs Bitcoin Startup River in $35M Round

Bitcoin technology and financial services company River has raised $35 million in a Series B round led by investment firm Kingsway Capital, with participation from billionaire investor Peter Thiel. River offers a wide range of bitcoin-related services for individuals and businesses, including a brokerage that offers zero-fee dollar-cost averaging, mining, full-reserve custody, and a wallet that supports both on-chain transactions and transactions on the Lightning Network. Last October, the company launched River Lightning, an application programming interface (API) that makes it easier for companies to connect their applications.


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