Steve Case, Tim Draper back Bitcoin startup Vaurum in $4M seed funding
Vaurum, a startup that offers code that banks and other financial institutions can use to offer Bitcoins, raised a $4 million seed round of funding from venture investor Tim Draper, former AOL CEO Steve Case, Battery Ventures and others. The Palo Alto startup led by CEO Avish Bhama was picked as one of the best companies pitching at a Plug and Play Expo in December. Vaurum’s software helps financial institutions host their own Bitcoin exchanges. Bhama told me in December that he hopes to collect a fee on every transaction done through financial institutions with his code. Click here to see....
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California-based Vaurum, a company that offers financial institutions a way to trade and store bitcoins, has raised $4m in venture capital. The investment is described as a seed round and comes from a group of investors that includes VC firm Battery Ventures, Tim Draper and former AOL CEO Steve Case. Avish Bhama, Vaurum CEO, said in a prepared statement: "Most investors-even savvy institutions-need an easy-to-use and compliant platform through which to buy and sell bitcoins, and we provide that solution." Bhama told CoinDesk the company plans to use the majority of its funding to hire....
Pioneering venture capitalist Tim Draper, father of noted bitcoin industry VC Adam Draper and managing director of the VC firm Draper Fisher Jurvetson, has been revealed as the winner of last Friday's US Marshals auction of nearly 30,000 BTC. The announcement was released via a blog post on Medium issued by California-based bitcoin trading and storage startup Vaurum. Draper was previously named as an investor in the company's $4m seed funding round this May. In the post authored by Vaurum CEO Avish Bhama, the company announced that Draper intends to partner with Vaurum to use the roughly....
Over 150 years later the gold rush is striking California again, this time for what some call digital gold, because of its limited supply, Bitcoin. Venture capitalists still see the promise in some Bitcoin businesses. The startup Vaurum received four million dollars in seed funding from Battery Ventures, Tim Draper, Steve Case and others. Vaurum is a Bitcoin startup from Palo Alto that enables "banks & brokerages to trade, store and offer bitcoin to their customers" so that they can run their own exchanges. Bitcoin continues to gain credibility, last week, Bloomberg started providing....
Some good news from America, and (unsurprisingly) some more bad news from China. Find out what's happened in the world of digital currencies this past week. BitPay plans to display prices in bits: The Georgia-based merchant processor BitPay has announced plans to display BTC prices in bits. The company's move follows a community discussion about bitcoin's current denominations being too complex for mainstream users. Vaurum raises $4m in seed funding: Bitcoin trading platform Vaurum has raised $4m in funding from a group of investors including former AOL CEO Steve Case and venture....
Crowdsourced IT security startup CrowdCurity has raised $1m in seed funding as part of a new investment round led by high-profile bitcoin investor Tim Draper and Kima Ventures. Notably, part of the investment provided by Cryptonaut Ventures was made directly with bitcoin and settled into USD using bitcoin exchange services provided by Vaurum - a CrowdCurity client and graduate of Boost VC's incubator program. Sophos Chief Technology Officer Gerhard Eschelbeck, Cyphort cofounder Dr Fengmin Gong and Mountain View-based incubator 500 Startups were also among the round's strategic investors.....