Acorns, the world’s largest virtual private network, has announced that it will be taking on more than $300 million in new funding.
The new round of funding, led by Benchmark Capital, will be used to expand and improve the platform.
The Acorns team has also announced plans to invest in other startups and investors.
Acorns said it will “be investing in companies that are looking to create and scale scalable business models in a new and exciting space.”
Acorns co-founder and CEO Ben Smith told VentureBeat in an interview that the company was “on a mission to be the first and only company to offer a cryptocurrency-based trading platform that has no fees and allows for a safe and secure exchange.”
Acorn is not the only cryptocurrency-focused company looking to expand its user base.
The digital asset exchange and wallet provider Bitfinex has been working on a blockchain-based cryptocurrency exchange, called Nxt, that could be launched later this year.
The company is also working on an Ethereum-based digital asset trading platform.