Meaningful bitcoin venture investment activity continued in 2014, according to the latest quarterly State of Bitcoin report by CoinDesk, the world leader in news, prices and information on digital currencies. In 2014, $335m were invested in bitcoin startups resulting in a +342% in comparison to 2013 ($96m). The largest deals were the following: – Bitpay, which raised $30m in […]

Among the various tech trends, Bitcoin, the decentralized digital currency that enables instant payments to anyone, anywhere globally, is one of the most interesting and consitent. With no doubt, it can represent the next big think. Bitcoin leverage peer-to-peer technology and is not regulated by any central authority: the management of transactions and the issue […]

Korbit, a Korean bitcoin exchange, wallet and merchant processor, closed a $3m Series A funding round. The round was led by SoftBank Ventures Korea and Pantera Capital with participation from BAM Ventures and previous investors Bitcoin Opportunity Corp., Tim Draper, Pietro Dova and initial investor Strong Ventures. The company intends to use the funds to […]

BitFury Group, a San Francisco, CA and Amsterdam, the Netherlandsw-based Bitcoin infrastructure provider, is launching a seed investment fund. BitFury Capital will leverage the company’s position in bitcoin and cryptocurrency infrastructure to accelerate other parts of the ecosystem through strategic partnerships, and expansion into adjacent business opportunities. The fund will be a subsidiary of the […]

According to a blog post on its site, Xapo, a Palo Alto, Calif.-based bitcoin wallet startup, raised $20m in a Series A-1 financing round. The round was led by Greylock Partners and Index Ventures with participation from Emergence Capital Partners, Max Levchin, Yuri Milner  and Jerry Yang. They joined earlier backers Benchmark, Fortress Investment Group, and Ribbit Capital who invested $20 million […]

SoftTech VC announced the closing of an $85m venture capital fund. Backers included 20 institutional LPs and 40 individuals (43% Fund of Funds, 23% Family Offices, 15% Endowments & Pension Funds, 10% Foundations, 9% Individuals). SoftTech VC IV focuses on seed stage opportunities in B2B and B2C technology. In details, investment areas include Software-As-A-Service (SaaS) […]

BitGo, a San Francisco, CA-based Bitcoin security platform, raised $12m in Series A financing. The round was led by Redpoint Ventures with participation from existing investors Bridgescale Partners, Jeff Skoll, Bill Lee, and Eric Hahn and new investors Radar Partners, Founders Fund, Barry Silbert’s Bitcoin Opportunity Corp., Liberty City Ventures, Crypto Currency Partners, Ashton Kutcher […]

According to a post on the company blog, HashPlex, a Seattle, WA-based provider of a full-service hosting for cryptocurrency mining, closed a $400k seed funding round. The round was led by Barry Silbert of Bitcoin Opportunity Corp and SecondMarket, and Jason Prado, co-founder of Plannr, ex-Googler, now senior engineer at Facebook. The company intends to […]

BitFury Group, a San Francisco, CA- and Amsterdam, The Netherlands-based bitcoin infrastructure provider, raised $20m in financing. Backers included Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund, Queensbridge Venture Partners and ZAD Investment Company, and angel investors Bill Tai and Jonathan Teo. The company intends to use the funds to build out its facilities in […]

BitPay, an Atlanta, GA-based provider of solutions for Bitcoin digital currency, raised $30m (€22M) in Series A funding. The round was led by Index Ventures, with participation from Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson, and AME Cloud Ventures. In conjunction with the funding, Jan Hammer from Index Ventures […]

Vaurum, a Palo Alto, CA-based cryptocurrency company focused on building a commercial infrastructure for Bitcoin to better integrate cryptocurrencies into the traditional financial system, raised $4m in seed funding. Backers included Battery Ventures and angel investors Tim Draper, managing director and co-founder of investment firm Draper Fisher Jurvetson, and Steve Case, former chairman and chief […]

Future Capital Bitcoin Fund (FCBF), an Australian headquartered investment firm, has launched a $30m Bitcoin Fund. The fund targets global companies that are leveraging services based on Bitcoin and other crypto-currencies. It will source opportunities globally for companies facilitating payments, exchanges, trading and smart property rights based around the Bitcoin digital currency ecosystem. Led by […]