Bex.io Bitcoin Exchange Platform Gets $525,000 in Venture Capital
Vancouver, Canada-based bitcoin exchange platform Bex.io has reportedly received $525,000 in venture capital from CrossPacific Capital Partners, in addition to Brian Cartmell, and Ryan Holmes (founder of Hootsuite). The news comes after Play and Boast Capital threw in some funding recently. The Bex.io platform is essentially the "back-end" technology required to operate a bitcoin exchange. A prospective exchange will sign up, build their exchange on the Bex platform, and split the fees. It's a great concept, given exchange operators will not need to build their own trading system. The....
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PRESS RELEASE. Web3 relationship aggregator KNN3 Network announced it had raised $2.4M in a seed round led by HashGlobal and Liang Xinjun, former co-founder of Fosun International. Mask Network, MetaWeb Venture, Eniac Venture, Tess Venture, Stratified Capital, Fundamental lab, Incuba Alpha, Zeuth Venture, Cogitent Venture, Atlas Capital; Impossible Finance, RSS3, ShowMe and Yan Xin & Potter Li, ETHsign’s co-founders also took part in the round. KNN3 Network will utilize the $2.4M funding for protocol development and product market-fit.
From these struggles and pains on....
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....
Bitcoin exchange and platform Coinbase has announced new investment and partnership with the Bank of Tokyo-Mitsubishi UFJ (BMTU), Japan’s biggest bank. The endeavor will see Coinbase look toward expansion efforts in Japan and Asia. Bitcoin exchange and services platform Coinbase will raise $10.5 million from Japanese investors today with the aim to launch services in Japan. Currently, Coinbase only has an Asian presence in Singapore. Investors include the Mitsubishi UFJ Financial Group (MUFG) and the Bank of Tokyo-Mitsubishi UFJ (BMTU) Japan’s largest lender and bank, respectively. The....
Bitcoin exchanges are the gateway between fiat and digital currency. Vancouver-based Bex.io has received venture funding in order to advance its own ideals on how to build them. The company, which has built a bitcoin exchange platform, has received $525,000 in venture capital to fund its operations. The round was funded by CrossPacific Capital Partners, with participation from Brian Cartmell and HootSuite Founder Ryan Holmes. Plug and Play and Boast Capital also contributed financing recently. Founder Yurii Rashkovskii told an audience in London in July that Bex.io plans to "help bitcoin....
Leading Japanese bitcoin exchange bitFlyer has revealed the successful completion of a ¥3 billion ($27 million) funding round, the largest funding round ever by a bitcoin and Fintech company in Japan. In a funding round led by Japanese investor SBI Investment and Tokyo-based venture capital firm Venture Labo Investment, prominent Japanese digital currency exchange operator bitFlyer has raised around 3 billion yen ($27 million) in new capital. Shares were issued this week via a third-party to investors including the funds overseen by Venture Labo Investment and SBI Investment. The....