Lithic Raises $43M Series B Funding
Privacy.com), a New York based card issuing platform provider, raised $43m in Series B funding.
The round was led by Bessemer Venture Partners with participation from Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures and Walkabout Ventures.
The company, which has raised a total of $61m to date, intends to use the funds to expand the tools and technologies to issue and manage virtual cards, including enhancements for Privacy.com to continue serving its security-conscious customers.
Founded by Bo Jiang, Jason Kruse, and David Nichols as Privacy.com in 2014, Lithic provides a platform for developers to create virtual and physical payment cards and enable and control spending. Lithic enables developers can issue a card instantly and earn back a percentage of interchange revenue generated by the merchant.
Orchid Ventures Subsidiary PurTec Announces the Launch of PurCore R1 Mesh Coil Cartridge Technology albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
VANCOUVER, WA / ACCESSWIRE / December 17, 2020 /
ORCHID VENTURES, INC. (CSE:ORCD)(OTC PINK:ORVRF) (the
Company or
Orchid ), a multi-state cannabis innovation company, announces that its wholly-owned subsidiary, PurTec Delivery Systems has launched a revolutionary technological advancement in 510-thread vape cartridges, the most popular form-factor in the vape market.
PurCore R1 has been another joint development project with their strategic partner, JWEI Group Advanced Technology Research Institute, built on the JWEI µKera NC technology platform. The Company believes this new technology will set new product safety standards throughout the cannabis vaporizer industry.
PurCore R1 has undergone a ceramic particle safety study where JWEI Group Advanced Technology Research Institute measured ceramic particles in cartridges from the company s leading competitors and compared it against the new PurCore R1 heating element. Ceramic particles are a rising issue where lower quality
Orchid Ventures, Inc.: Orchid Ventures Subsidiary PurTec Announces the Launch of PurCore R1 Mesh Coil Cartridge Technology
ORCHID VENTURES, INC. (CSE:ORCD)(OTC PINK:ORVRF) (the
Company or
Orchid ), a multi-state cannabis innovation company, announces that its wholly-owned subsidiary, PurTec Delivery Systems has launched a revolutionary technological advancement in 510-thread vape cartridges, the most popular form-factor in the vape market.
PurCore R1 has been another joint development project with their strategic partner, JWEI Group Advanced Technology Research Institute, built on the JWEI µKera NC technology platform. The Company believes this new technology will set new product safety standards throughout the cannabis vaporizer industry.
Orchid Ventures Subsidiary Purtec Announces the Launch of a Significant Advancement in Vaporizer Technology albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.