Bitcoin Trading Platform Vaurum Raises $4 Million in Seed Funding
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....
Related News
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....
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....
It is raining investments in the digital currency sector. A number of companies have raised millions of dollars in funding in recent days. Case Wallet Inc. also known as CryptoLabs has recently raised another tranche of seed investment of about $750,000 towards its bitcoin wallet business. Case Wallet Inc. is the manufacturer of Case secure hardware bitcoin wallets. The New York based startup has so far raised seed investment of about $2.25 million, including the earlier $1.5 million raised in June 2015. With the latest tranche of investment, the seed investment round stands closed. READ....
On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called Marginfi, a....
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....