Kleiner Perkins Taps Bitcoin Startup Founder for $4 Million Investment Fund
Kleiner Perkins Caufield & Byers, one of the oldest and most storied venture capital firms in Silicon Valley, has named a bitcoin startup founder to the staff of its new seed-stage fund. Called the Edge Fund, the early-stage operation will provide investments of $250,000 to help selected startups with development, programming and recruiting. Targets for the $4m fund reportedly include a full range of emerging technologies including virtual reality, digital health and the blockchain. According to The New York Times, the venture is the brainchild of Kleiner Perkins partners Anjney Midha and....
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Align Commerce, San Francisco-based Blockchain payments processor announced the closure of a Series A funding round on Tuesday, November 17, with $12.5 million led by Kleiner Perkins. This marks the first time Venture Capital firm Kleiner Perkins Caufield & Byers (KPCB) has invested in a Bitcoin startup. Randy Komisar, KPCB general partner and co-founder of Claris Corp., who will also be joining Align’s board said: Align is a cross-border payments startup launched in January 2015 that allows its customers to use both traditional and blockchain financial opportunities for small and....
As one of the oldest and most established venture capital firms in the US, Kleiner Perkins Caufield & Byers (KPCB), has had a helping hand in mainstreaming technologies from IT to biotech since its founding in 1972. While Kleiner Perkins hasn't yet invested in a bitcoin or blockchain company, it's likely it will soon do so via its newest fund, KPCB Edge. The seed-stage investment firm, announced 16th June and launched with a $4m budget, will have blockchain technology as one of its six core areas of focus. Leading KPCB's exploration will be founding partner Anjney Midha, the firm's....
Kleiner Perkins Caufield and Byers (KPCB), a Silicon Valley venture capital firm best known for its investments in Google, AOL, Twitter, Uber and Amazon, has introduced a fund called the Edge Seed Fund, which is set to focus on helping early stage Bitcoin- and blockchain-based startups. The Edge fund, led by Kleiner Perkins partners Mike Abbott and Anjney Midha, plans to offer investments of $250,000 to support selected startups in developing and programming platforms, products and services. The $4 million fund will be operated by former Google product manager Ruby Lee, and the founder of....
Kleiner Perkins Caufield & Byers, a famous venture capitalist firm known for supporting many companies in Silicon Valley, has started to venture into bitcoin startups. It has started a new seed fund called Edge Fund which aims to provide investments of $250,000 to help selected startups with development, programming and recruiting. It has also added a bitcoin startup founder to its staff to help identify potential investment areas in emerging technologies including virtual reality, digital health and the blockchain. Roneil Rumburg, founder of the bitcoin and dogecoin transaction service....
Align Commerce, a San Francisco, Calif. -based cross-border payments service provider that exchanges a payer's fiat currency into bitcoin, then exchanges it into the payee's currency, has raised $12.5 million in Series A funding by Kleiner Perkins Caufield & Byers, according to today's Wall Street Journal. Align Commerce's money transfer model avoids the "cumbersome" bank wire process for payments, according to CEO Marwan Forzley, who started the company after serving as general manager at Western Union. The company can also offer features like tracking fund movement in real time and....