Sales Portal BitSimple Raises $600k in Bitcoin Seed Round

Sales Portal BitSimple Raises $600k in Bitcoin Seed Round

Tangible Cryptography has announced the completion of a $600,000 seed round investment funded completely in bitcoin. The company will use the funds to launch BitSimple, a new bitcoin sales portal that aims to set itself apart from traditional bitcoin exchanges. Tangible Cryptography is not the first company to pull off a successful seed round in bitcoin. Last November Korean startup Coinplug did the same, raising $200,000 in the currency (alongside $200,000 in fiat). BitSimple is described as a simple, fast and secure alternative to large bitcoin exchanges. It will allow users to buy and....


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Tangible Cryptography's BitSimple Raises $600,000 in Seed Funding

Tangible Cryptography has announced a $600,000 seeding round which they will be using to launch a new sales portal called BitSimple. BitSimple pegs itself as "A simpler way to buy and sell bitcoins" - an exchange allow users to both buy and sell bitcoin right from their digital wallets, maintaining a higher level of security that traditional exchange might exhibit. In addition to making things secure, BitSimple wants to get bitcoins in your wallet today - not wait 1+ week like on Coinbase (which isn't an exchange in the traditional sense). With dedicated servers and high security, this....

Will Bitcoin Venture Capital Investment Reach $300 Million in 2014?

In addition to the companies listed below, sales portal BitSimple has raised $600,000 in a bitcoin-only seed round. This article summarizes some of the new State of Bitcoin 2014 data and analysis on venture capital investment presented at last week's Coinsummit conference in San Francisco. Several significant venture capital investments in bitcoin startups have been announced in recent weeks, including Circle's $17m second round, Xapo's $20m first round, and OKCoin's $10m first round (Table 1). Table 1: Bitcoin Venture Capital Investments - 2014 YTD. Sources: CoinDesk, Dow Jones....

SatoshiPay Raises €360,000 in Just-Closed Seed Round

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