Japanese Bitcoin Exchange BitFlyer Draws a Further $1.1M Led By Silbert: Total Investment now $2.93M!
At the end of 2013, Yuzo Kano, a former Goldman Sachs employee, left his job as a derivatives trader with the goal of setting up his own bitcoin related company. In June last year, he announced that the company - BitFlyer - has successfully secured $1.6 million from domestic venture capitalists to fund the launching of a new Japan-based bitcoin exchange. The goal, to fill the void left by the collapse of Mt Gox. In September last year, the company announced that it had launched the first Japanese bitcoin crowdfunding platform as an add-on to BitFlyer - the aptly named FundFlyer. Shortly....
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bitFlyer, a Japanese Bitcoin exchange, announced today that they obtained $236,000 through fundraising from the Bitcoin Opportunity Corp, an investment vehicle. That is the first investment in a company based in Japan for the Group. This investment will be the first convertible bond issue by bitFlyer. According to Investopedia, a convertible bond "can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder". Bitcoin Opportunity Corp. The Bitcoin Opportunity Corp (BOC) has invested in over 30 Bitcoin....
Here's some news of yet another investment in the cryptocurrency space. Bloomberg reports that Japanese bitcoin exchange BitFlyer has raised approximately 25 million yen (or about $236,000 USD) from Barry Silbert's Bitcoin Opportunity Corp. The exchange, which launched earlier this year, will use the funds to expand overseas. http://www.youtube.com/watch?v=9FZn5XwQKLY. Interestingly enough, the exchange hasn't quite decided where they're planning to plant their flag, though Singapore is likely to be a place of interest, according to Yuzo Kana, BitFlyer CEO and former Goldman Sachs trader.....
Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan. Bitflyer has termed this new investment activity, “Block Chain Angel Fund.” Even though this is Bitflyer’s first investment of this type, it sounds as though it will not be their last. In its press release, Bitflyer states that it chose to make the investment in Sivira because of the track record....
BitFlyer has closed a fundraising round of 130m JPY ($1.1m), led by Barry Silbert's Bitcoin Opportunity Corp, Recruit Holdings Ltd. subsidiary RSP Fund No. 5 and GMO Venture Partners. This is bitFlyer's third round of funding, bringing the Japan-based bitcoin services firm's total investment to $2.93m since it launched in early 2014. In a statement, bitFlyer said it will use its new capital to set up overseas offices, improve security, recruit new talent, accelerate service development and carry out marketing and advertising campaigns to promote business growth. When it announced its....
Tokyo-based bitcoin exchange bitFlyer has raised $236,000 in investment that the firm says will be used to fund additional services, as well as expansion outside Japan. BitFlyer previously raised $1.6m in July with the goal of becoming the leading player in the country's expanding bitcoin market. Notably, the latest funding was provided by Barry Silbert's Bitcoin Opportunity Corp (BOC), which has invested in a large number of bitcoin startups including Coinbase, Circle, BitPay, Safello and others. This is the first time, however, that the BOC has invested in a Japanese company. Silbert....