State owned French bank joins Bitcoin startup’s $8 million Series A

Lightning Network focused startup ACINQ raised $8 million led by Idinvest Partners with participation from state-owned French investment bank Bpifrance.

Managing director of Bpifrance Nicolas Debock noted it was the firms first bitcoin investment, adding:

“As we continue to look at bitcoin companies, we think that second-layer opportunities are a big one and it’s definitely something we’ll be looking into more. If you’re building for the digital economy … you need to build a strong and safe infrastructure. What I really like [about ACINQ] is they are not rushing to launch a product that isn’t ready.”