Canadian Startup BitGold Closes $3.5 Million Funding Round

With the arrival of the holiday season, many of us have been humming our favorite carols as we complete our shopping and familial preparations. The song "Silver and Gold" prominently comes to mind, although lately it feels as if the title should be changed to "Bitcoin and Gold." Canada-based startup BitGold has managed to close a $3.5 million funding round in advance of a Q1-2015 platform launch. Among the round's participants were Sandstorm Gold, PowerOne Capital and PortVesta Holdings. BitGold is aiming to advance the digital payments world by providing universal access to gold and....

After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa. New Funding to Help Bitmama Scale Up Crypto Use Cases in Africa A Nigeria-based blockchain startup, Bitmama, recently closed its pre-seed funding round at $2 million after it added $1.65 million to the $350,000 that was raised in October last year. According to a Techcrunch report, the funding....

BitGold has raised $3.5 million from venture capitalists to fund their attempt to digitize gold. BitGold Inc. (not to be confused with Bitreserve's similarly-named bitgold) has just concluded a $3.5 million investment round ahead of its Q1 launch. The company hopes to make gold a viable payment medium once again by offering a multi-faceted platform that includes a gold exchange, a custodial vault, and a payments service. Also read: Gold And Silver On The Blockchain: DigitalTangible Partners With Agora Commodities. BitGold Inc. Concludes $3.5 Million Investment Round. Gold has served as a....

Bitgold Review. This Bitgold review discusses how the gold payment startup BitGold acquired the operations and intellectual property of the leading consumer gold storage company GoldMoney.com. The acquisition of the company will be in exchange for 1,169,794 common shares in BitGold, a public company trading on the Toronto Stock Exchange. GoldMoney, since its founding in 2001, has amassed 20,000 customers, 135,000 user sign ups and manages more than $1 billion in assets. In a BitGold press release, the startup said the acquisition will lower its operating cost and give them a ready-made....

BitGold has indicated that while it uses blockchain technology, it has pivoted from a focus on bitcoin. Toronto-based gold and bitcoin startup BitGold has gone public following a reverse merger with mineral exploration company Loma Vista Capital. BitGold will retain its name, but halt trading on the Canadian National Stock Exchange as it migrates to the Toronto Stock Exchange. As part of the deal, the company said it will raise C$6m in subscription receipt private placement, with an additional C$5m worth of warrants to be exercised later. The pending C$6m subscription receipt sale includes....