BitPay Raises $30 Million in Record-Breaking Bitcoin Funding Round
Atlanta-based bitcoin merchant processor BitPay has officially raised $30m in Series A funding in the largest-ever financing round for a bitcoin company. The round was led by Index Ventures, and included Yahoo founder Jerry Yang's AME Cloud Ventures, Felicis Ventures, PayPal founder Peter Thiel's Founders Fund, Horizons Ventures, RRE Ventures, Virgin Galactic's Sir Richard Branson and TTV Capital. As part of the deal, Index Ventures' Jan Hammer and noted bitcoin ecosystem investor Jimmy Furland will join BitPay's Board of Directors. Rapid growth. In an interview with CoinDesk, BitPay CEO....
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Online wallet provider Xapo has raised its funding total to $40m, leapfrogging BitPay to become the best-funded bitcoin startup to date. Announced today, the startup's second Series A-1 funding round took $20m in total. Spearheaded by Index Ventures and Greylock Partners, the round also included Emergence Capital Partners, venture capitalist Yuri Milner, PayPal co-founder Max Levchin and former Yahoo! CEO Jerry Yang. Back in March, Xapo's initial round was led by Benchmark Capital, Fortress Investment Group (FIG) and Ribbit Capital. At the time, it was the second-biggest funding round in....
Hello from the Bitcoin2014 Conference in sunny and windy (sorry about the audio!) Amsterdam. While more than 1,100 bitcoin enthusiasts were travelling to the Netherlands this week, other exciting news was still brewing in the bitcoin world. Here are three of the biggest headlines: BitPay raises $30m in Series A funding. Atlanta-based bitcoin merchant processor BitPay raised a record-breaking $30m in a funding round - the largest-ever for a company in the bitcoin space. In this funding round, BitPay was backed by a star-studded investor group, including Yahoo founder Jerry Yang's AME Cloud....
This morning BitPay, one of the industry's largest business and payment solutions providers, announced some very big news, bringing sizable implications for the future of Bitcoin as both a payment method and emerging technology. The company announced what has become the record for funding of any business in the Bitcoin space. Led by international venture capital firm Index Ventures, BitPay has raised $30 million in Series A, bringing their astronomical grand total of $32.7M in funding. The round of funding further solidifies the company's continued growth, innovation and outreach which has....
Atlanta, Georgia-based BitPay has announced today that they have managed to raise a whopping $30 million in a Series A funding round led by Index Ventures. Joining Index in the round is Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, AME Cloud Ventures, and even Sir Richard Branson of the numerous Virgin enterprises in operation today. The amount brings the total amount of investments made in the company to $32.7 million, with venture capital coming from London, Geneva, New York, San Francisco, and as far east as Hong Kong. In addition to the huge investment....
Indian bitcoin exchange Unocoin has raised $1.5 million in a Pre Series-A funding round, the highest amount raised for any digital currency venture in the country. Unocoin, an Indian bitcoin startup that offers a trading platform for Indian customers to buy, sell and store bitcoins has raised a record $1.5 million in a round of funding, the company announced on Thursday. Founded in December 2013, Unocoin is headquartered in Bangalore, a city that is commonly deemed the “Silicon Valley of India.” Over the past near-three years, the company has grown to house 30 employees while clocking over....