Bitreserve Exceeds Crowdfunding Goal To Raise $9.5 Million
Bitreserve has broken through its £6 million GBP ($9.35 Million USD) target on the British crowd-funding website Crowdcube. With 8 days left to run, during which time they can continue to receive 'overfunding' investments, the South Carolina (United States) firm is already claiming the second biggest ever crowdfunding campaign for a cryptocurrency project, behind only Etheruem's 'pre-sale' of tokens, and is comfortably the largest one ever for a Bitcoin company. This 'Series B' investment round, which was launched in November 2014, is in addition to the $4.5 million which the firm have....
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Setting out to raise $4.6 million in funding, Bitreserve launched their second round of crowdfunding last November. Now the company has raised $9.5 million and is the second largest crowdfunded digital currency project, taking runner-up behind Ethereum's ether sale. The funding was classified as a Series-B investment round, allowing investors from Series-A to reinvest if they wanted. Twenty-four investors participated in the Series-B round on CrowdCube, a platform for United Kingdom investors. To target United States investors, Bitreserve also used the Venovate crowdfunding tool. According....
Bitreserve is seeking to raise $10m in capital through a new crowdfunding initiative. The bitcoin storage platform, started by CNET founder Halsey Minor, has raised $7m so far, with 51 days to go on its funding campaign. Minor said the decision to raise a financing through crowdfunding was a "supplement" to other fundraising efforts. He also said it is an attempt to address the limited investment opportunities available to the general public for technology companies like his. Minor told CoinDesk: "People should have a right to invest in innovation ... there are so many things that are just....
UPDATE (14 January 2015 13:00 BST): Article has been updated to reflect crowdfunding breakdown. Bitreserve has closed its crowdfunding campaign after raising over $9m. The final total of $9,620,802 (£6,363,024) was reached after 157 investors bought 11.27% of the equity offered. Crowdcube investors raised $739,219 (£489,744) whilst the remaining $8,911,645 (£5,873,280) was contributed by a combination of Venovate and institutional investors. The crowdfunding activity on Venovate amounted to $126,000 (£83,020) whilst the remaining balance of $8.7m (£5.7m) came from institutional investors.....
As of this writing, South Carolina firm Bitreserve has already raised over 5 million of the 6 million British pounds it is aiming to raise with British platform CrowdCube. CrowdCube allows British folks to take a stake in privately-held companies at any stage in their development. The minimum investment on CrowdCube is just £10 making it similar to KickStarter or IndieGoGo but instead of focusing on artists or good-will projects, CrowdCube is for traditional businesses to raise capital. Bitreserve's aims are lofty. They seek to translate Bitcoin seamlessly to USD and other currencies for....
U.K.-based bitcoin app Ziglu raised over $8 million in a crowdfunding campaign, the largest equity raise on the Seedrs platform this year.