Bitcoin Exchange bitFlyer Raises $4 Million in New Funding
Bitcoin exchange bitFlyer has raised approximately 510m JPY ($4m) through third-party allotment, which entails issuing new shares to a limited number of investors. According to a company statement, investors included VC firms Mitsubishi UFJ Capital Co - one of Japan's largest investors - Venture Labo Investment Co and Mitsui Sumitomo Insurance Venture Capital Co. Dentsu Digital Holdings Inc - a business management company in the digital communications market - and financial information provider Quick Corp also participated in the round. Japan-based bitFlyer said it would use the latest....
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Leading Japanese bitcoin exchange bitFlyer has revealed the successful completion of a ¥3 billion ($27 million) funding round, the largest funding round ever by a bitcoin and Fintech company in Japan. In a funding round led by Japanese investor SBI Investment and Tokyo-based venture capital firm Venture Labo Investment, prominent Japanese digital currency exchange operator bitFlyer has raised around 3 billion yen ($27 million) in new capital. Shares were issued this week via a third-party to investors including the funds overseen by Venture Labo Investment and SBI Investment. The....
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....
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.....
A former Goldman Sachs employee has raised $1.6m in funding to power a new Japan-based bitcoin exchange, according to Bloomberg Businessweek. Called bitFlyer, the exchange aspires to recapture the market position vacated by Mt. Gox, the Japan-based exchange that was once the ecosystem's largest trading platform. BitFlyer is seeking additional capital from overseas VCs and hopes to launch in markets outside of Japan before 2015, the report says. The exchange is the brainchild of 38-year-old former derivatives and convertible bonds trader Yuzo Kano, who left his job at Goldman Sachs in....
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....