Star Korean VC Invests $200k in Bitcoin Startup Devign Labs

Star Korean VC Invests $200k in Bitcoin Startup Devign Labs

Devign Lab has closed a $200,000 seed funding round it will use to build a suite of applications including a peer-to-peer marketplace and merchant payments tools for the Korean market. K Cube Ventures, a Korean venture firm chaired by Brian Kim, one of the country's most successful Internet entrepreneurs, provided the investment. Kim helped start KakaoTalk, a popular mobile chat application that reported 140 million users last year. This is K Cube's first bitcoin investment. Devign Lab has built a peer-to-peer marketplace called Coinone. The marketplace allows users to trade for free with....


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