Bitcoin VC Investment This Year Already 30% Higher Than 2013's Total

Bitcoin VC Investment This Year Already 30% Higher Than 2013's Total

The amount of venture capital raised by bitcoin startups this year has already surpassed the total amount raised in 2013 by more than $27m. So far in 2014, $113.2m has flowed into bitcoin businesses, which is 29% greater than the total amount for last year, which stands at $88m. In 2012, bitcoin startups raised just $2.1m, according to CoinDesk statistics. The most active investor so far this year, by number of investments, was 500 Startups, which bought stakes in five companies. The Bitcoin Opportunity Fund, marquee venture capitalist Tim Draper and Crypto Currency Partners also made two....


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Bitcoin Startup 21 Inc. Scores $116 Million in Venture Capital

Last year was a record year for Bitcoin when it came to venture capital investment, at almost $350 million in 2014. It looks like Bitcoin is approaching that amount already, and we're not even through the first quarter of 2015 year. Bitcoin startup 21 Inc. has announced that they have secured $116 million in venture capital investment, setting a record for not just a Bitcoin startup, but for any Bitcoin company in the technology's six-plus years. 21 Inc. looks to invest in Bitcoin "mass adoption." This company has been working diligently, and secretively, for over a year on securing this....

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Investment firms Fortress Investment Group (FIG), Benchmark Capital and Ribbit Capital have teamed up with Pantera Capital to launch a bitcoin investment fund. The new fund will be known as Pantera Bitcoin Partners LLC and, as the name implies, it will be controlled by Pantera. Fortress, Ribbit Capital and Benchmark Capital will be minority equity partners. Fortress became the first Wall Street investment firm to enter the bitcoin space. Last year it was rumoured to be acquiring bitcoins and a regulatory filing published in February revealed it had set aside $20m for bitcoin investments in....

5 of the Biggest Bitcoin Startup Investments of 2013

As increased exposure hits bitcoin in the form of mainstream attention, the more interest in its business potential. As a result, 2013 was by far the biggest year for venture capital funding in the bitcoin space. And while some have proclaimed that next year will be even bigger, this past one has been pretty heady. Let's take a look at five of the biggest bitcoin venture capital deals of 2013. 5. itBit. Total VC to Date: $3.25m. Major Investors: Canaan Partners, RRE Ventures, Liberty City Ventures. Access to bitcoin in the form of an investment-grade trading platform still eludes the....

Quotes

The early days of the internet was like this scary thing, all gambling, and porn and you couldn't even transact on there. And then nice walled gardens came along and made everyone quite comfortable with it, which may be like banks and financial institutions are doing now. But it kind of misses the point. The idea of the web and the internet is supposed to be open to everyone.

Paul Gordon, CEO of Quantave