Bitcoin

itBit, a Singapore-based digital currency exchange, raised $3.25m in funding. The round was co-led by Canaan Partners and RRE Ventures, with participation from additional investors Liberty City Ventures and angel investors Jay W. Jordan II and Ben Davenport. The company, which has raised a total of $5.5m in institutional capital, will use the funds to support its […]

Ripple Labs, a San Francisco, CA-based provider of open source payment solutions, raised $3.5m in funding. Backers included Core Innovation Capital, Venture 51, Camp One Ventures and IDG Capital Partners and a number of unnamed individuals. Led by CEO Chris Larsen, Ripple Labs develops the Ripple protocol, a decentralized, open source payment protocol which enables […]

GoCoin, a Singapore and Santa Monica, CA-based open platform to facilitate the purchase of goods and services bought with Bitcoin, raised over $550k in a seed round of funding. The company intends to use the funds to bring its platform. Backers include global investors from Silicon Valley, Silicon Beach, Asia and Europe, including: – Owen […]

Coinfloor, a London, UK-based digital currency exchange, raised a venture capital funding of undisclosed amount. Backers included Passion Capital and Taavet Hinrikus (Transferwise). The company intends to use the funds to launch operations. Led by Mark Lamb, CEO, Amadeo Pellicce, COO, and James McCarthy, CTO, Coinfloor is a Bitcoin Exchange that allow people to buy […]

Circle Internet Financial, a Boston, MA-based digital currency company, raised $9m in Series A funding. Backers included Jim Breyer, Accel Partners and General Catalyst Partners. In conjunction with the funding, Jim Breyer will join Circle’s Board of Directors as will David Orfao of General Catalyst Partners. Founded by CEO Jeremy Allaire, Circle Internet Financial is […]

Armory Technologies, Inc., a Baltimore-based developer of Bitcoin wallet software, completed a $600k seed funding. Backers included Trace Mayer, Kevin Bombino and Jim Smith. The company intends to use the funds to develop the Armory Bitcoin wallet. Founded by lead developer Alan Reiner, Armory Technologies is building a Bitcoin wallet application to store and transact […]

Avalon Clones, a Scottsdale, AZ-based Bitcoin mining hardware and computer company that provides solutions to Bitcoin miners on an international level, raised $3m in a second round of financing. Backers were not disclosed. This followed a $1.5m initial seed funding earlier in the year, which allowed the company to establish itself and achieve its initial objective […]

An investor group focused on Bitcoin has been launched. Led by a distributed team of veteran entrepreneurs and angels Bit Angels aims to find opportunities and invest in early seed stage bitcoin-related companies. The network, which currently counts more than 60 investors, is led by Executive Director David A. Johnston, Michael Terpin, Sam Onat Yilmaz, […]

Liberty City Ventures, a New York City-based seed stage fund, has just launched a Digital Currency Fund with a focus on Bitcoin. According to reports confirmed by the firm (read here), the effort would amount to $15m. The Digital Currency Fund aims to support the emerging digital currency ecosystem by investing in companies that are […]

Boost VC, the San Mateo, CA-based three month accelerator founded and managed by Adam Draper and Brayton Williams, launched the Boost Bitcoin Fund. Announced by Draper in a post (read here), the fund aims to back Bitcoin companies that graduate from the Boost accelerator program by providing them with a $50k investment after completing the […]

Gliph, a Portland, Oregon-based digital identity platform, is to raise $18k in funding as part of Boost VC. Beyond seed capital, the San Mateo, California-based startup accelerator will provides Gliph with housing, office space, and mentorship. The company also stands to benefit from the recently announced Boost Bitcoin Fund with additional $50k. Led by Rob Banagale, […]

According to TechCrunch (read here), BitInstant, a NYC-based platform that enables customers to buy and sell bitcoins and transfer funds between their various accounts, raised €1.5m in funding. The techblog said the round was led by Winklevoss Capital, with the participation from other investors including David Azar, a money services veteran. Co-founded by Charlie Shrem, […]

BitPay Inc., an Atlanta, GA-based payment processor for bitcoin, raised an additional $2m in seed financing. The round was led by Founders Fund, with participation from Heisenberg Capital, a London-based fund focused on bitcoin companies. The company is using the funds for product development. To this end, it is looking for Software Engineers for its […]

OpenCoin, the San Francisco, CA-based developer of the Ripple protocol, a virtual currency and distributed open source payments system, closed an additional round of funding. The amount of the deal remained undisclosed. Backers included Google Ventures and China-based IDG Capital Partners. Led by CEO Chris Larsen, OpenCoin develops the Ripple protocol, an open source payments system […]

According to the WSJ (read here), Coinbase, a San Francisco, CA-based online platform to buy and sell Bitcoin, raised $5m in funding. The round was led by Union Square Ventures, with participation from Ribbit Capital. SV Angel, and Fundersclub also participated in the round. Co-founded in June of 2012 by Fred Ehrsam and Brian Armstrong, […]