Cherubic Venture Capital Initiates A 4.6 Million Dollar Investment In China
American venture investment firm Cherubic Ventures has initiated a RMB 30 million fund which shall invest in digital currency and blockchain innovation startups. This will promote the development of an industry that is currently stalling. Cherubic Ventures partnered with Huaxue, from Greater China, and will focus on internet financial innovation, especially on blockchain application in China. Some of the projects will directly invest in digital currency considering its characteristics. Besides this, the fund will also supply follow up support by providing a business incubator, venture....
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Bitcoin Exchange Kraken Lands Multi-million Dollar Investment from Japanese Venture Capital Firm SBI
Bitcoin exchange Kraken announced a multi-million dollar agreement with SBI Investment, one of Japan’s leading and most respected venture capital firms, to invest in and lead the Series B round of financing in Kraken. SBI Investment is the venture capital arm of SBI Holdings, the world’s first Internet-based financial conglomerate. The terms of the deal were not disclosed. SBI Investment is a unit of SBI Holdings, an Internet-based financial conglomerate with operating revenues of more than $2 billion in 2015 and operating income of around $570 million. The SBI Group consists of 208....
Japan’s leading venture capital firm SBI Investment has been revealed as the lead investor in the Series B round of financing in bitcoin exchange Kraken. In an announcement via a press release today, bitcoin exchange Kraken revealed it had secured a “multi-million dollar agreement” with SBI Investment. The exact terms of the deals weren’t disclosed. SBI Investment is the venture capital arm of parent company SBI Holdings, a conglomerate that deems itself as the world’s first internet-based financial group of the kind. The conglomerate is made up of some 208 companies with revenues of $2....
In the first quarter of 2015, Bitcoin venture capital investment has already exceeded that of 2014. BitFury, the Amsterdam mining operation, has announced that its third round funding has exceeded 20 million dollars from investors. The company had previously acquired 20 million last summer in an investment round. BitFury plans to open up another location....
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....
OKCoin, the exchange claiming to be China's largest by trading volume, has announced a $10m Series A funding round. The investment round was led by Ceyuan, one of China's earliest venture capital firms, followed by Mandra Capital, VenturesLab and numerous high-profile angel investors. Despite the nation's recent crackdown on cryptocurrencies, it seems Chinese venture capitalists are still bullish on bitcoin exchanges and the currency itself. Bitcoin in China. Back in November 2013, the focus of the bitcoin community was on China - the world's hub for bitcoin trading. At that time, BTC....