Korean Bitcoin Startup Korbit Nets $3 Million in Series A Funding
Korbit has announced a $3m Series A funding round, led by Softbank Ventures Korea. The round included Pantera Capital and BAM Ventures, as well as investors and funds previously associated with the company: Barry Silbert's Bitcoin Opportunity Corp, Tim Draper, Pietro Dova and Strong Ventures. The first bitcoin to Korean won exchange, Korbit had previously received a seed funding round of $400,000 in January, which brought its funding total at the time to $600,000 in angel investing overall. Although it offers an English-language version of its website, Korbit's services are targeted at the....
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South Korean bitcoin startup Korbit has announced that it will receive $400,000 in funding from various Silicon Valley investors. If that figure doesn't impress, the names behind it might. The list includes DFC founder Tim Draper, AngelList founder Naval Ravikant, SV Angel founder David Lee and Barry Silbert, founder of SecondMarket and a high-profile bitcoin advocate. Draper said bitcoin's growth in Korea has been remarkable, adding that Korbit is setting a good example for bitcoin companies around the world. He argues Korea could play a leading role in the future of global finance by....
A Korean metaverse startup, Doubleme, is said to have raised $25 million in a Series A round that saw the leading South Korean electronics manufacturer Samsung Electronics take part. Capital Raised to Fund Marketing Efforts The South Korean electronics and smartphone maker Samsung is reported to have participated in Series A funding which raised $25 million for a Korea-based metaverse startup, Doubleme. The round was led by Coentry Investment and NH Investment. According to a Techinasia report, the startup, which was founded in 2015 by Albert Kim, Michael Kuczynski, and Heeyoung Kim, will....
Having been in operation for nearly one year and accumulating on the order of 20,000 registered users in that time frame, South Korea's first and largest bitcoin exchange - Korbit - is reported to have received $400,000 in seed investment funding from Silicon Valley venture capitalists. The Valley's interest in this exchange halfway around the globe likely stems from the fact that the operation is already profitable. The exchange's success is, in part, attributable to the South Korean government's involvement - who is said to have provided funding to allow Korbit to get venture....
The Verge is reporting that South Korean Bitcoin exchange Korbit, has received $400,000 in funding. The investment money was pooled together by a group of Silicon Valley investors. Korbit was founded by Tony Lyu and launched in April 2013. Tony Lyu previously had the following to say about his startup. Tony Lyu. We are expanding access to financial services and reducing financial costs by enabling people to buy and sell Bitcoin. We also reduce financial crime and increase government tax revenue by offering a transparent finance network. As entrepreneurs we had experienced inefficiencies in....
Korbit, the leading provider of bitcoin exchange, wallet, and merchant payment processing in South Korea has closed a $3 million Series A funding round, the company announced Monday. The funding was led by SoftBank Ventures Korea, in addition to Pantera Capital, and other investors that include Barry Silbert's Bitcoin Opportunity Corp., BAM Ventures, Tim Draper (who recently purchased a large amount of seized Silk Road bitcoins), and more. Speaking about the investors involved with the funding, Korbit CEO Tony Lyu said that, "the leading investors in the Bitcoin space have chosen Korbit....