SAN DIEGO--(BUSINESS WIRE)--Bitcoin law expert Peter Townshend, a partner at Perkins Coie LLP law firm’s Emerging Companies and Venture Capital Practice, has joined Ciphrex’s Board of Advisors. This move strengthens the cryptocurrency and blockchain technology software company’s position as it prepares for its Series B round of financing.
“We are delighted to have Peter Townshend join the Ciphrex team as our legal advisor. He is an outstanding attorney who brings with him extensive experience working with some of the world’s most successful tech startups,” said Enrique Lombrozo, co-CEO and chief operations officer of Ciphrex. “We look forward to his continued and valuable advice backed by the vast resources of Perkins Coie.”
Townshend has been involved with technology startups across the country throughout his almost 20 years of practice, including eBay in 1996, Plaxo in early 2000, and a series of technology companies founded by entrepreneurs in Southern California, Silicon Valley and across the United States. He has extensive experience representing emerging growth technology companies and venture capital investors in structuring a wide variety of contracts.
“Perkins Coie is a leader in representing virtual currency startups and Ciphrex is a leader in this space, so it’s a natural fit for us to work together,” said Townshend. “I’m impressed by the leadership team of Enrique and Eric Lombrozo, with Eric as a thought leader and visionary, and Enrique with his successful track record of growing companies. My partners and I at Perkins Coie believe Ciphrex will be one of the big successes in the digital currency space.”
About Perkins Coie:
Founded in 1912, Perkins Coie LLP has more than 1,000 lawyers in 19 offices across the United States and Asia. The firm provides a full array of corporate, commercial litigation and intellectual property legal services to a broad range of clients, from FORTUNE 50 corporations to small, independent startups, as well as public and not-for-profit organizations.
About Ciphrex
Ciphrex creates technologies to build the peer-to-peer payment network infrastructure required to securely store and transact in digital assets. The company’s enterprise grade software is based on public-key cryptography and blockchain technology focusing on four key aspects: security, simplicity, speed and scalability. Ciphrex recently raised $500,000 in a fully-subscribed Series A stock issue and is on track for a Series B round offering.
