Fintech

Coinsetter, a NYC-based Bitcoin trading platform, raised $510k in new funding. According to a regulatory filing (read here), 13 unnamed investors participated in the round, which the company plans to close at $1.5m. This funding adds to a $500k round raised in April 2013 (read here). Led by Jaron Lukasiewicz, Chief Executive Officer and Founder, […]

Developers of the Master Protocol and large holders of Mastercoin, a metadata layer on the Bitcoin blockchain, launched a $30m open call for Master Protocol-based projects and funds to support their development. The Master Protocol enables the creation of a peer-to-peer exchange where traders can buy, sell and trade bitcoins for Mastercoins plus other digital […]

Las Vegas-based CoinSeed, a Bitcoin focused investment fund, recently raised over $7.5m in funding. Undisclosed private investors provided the capital. The company used the proceeds to purchase a total $5m worth of BitFury’s 55nm ASIC based Bitcoin mining hardware (from MegaBigPower), which is believed to be the largest private single sale of specialized Bitcoin mining […]

Creandum, a Stockholm, Sweden-based venture capital firm, has created a bitcoin database. “The Bitcoin Database“, which contains more than 300 bitcoin startups, aims to help entrepreneurs and investors get an overview and to further participate in building a viable bitcoin ecosystem. The open source database is open for everyone to use and update. According to […]

CoinJar, a Melbourne, Australia-based consumer Bitcoin exchange and digital wallet provider, raised AUD$500k in equity funding. The round was led by Niki Scevak of Blackbird Ventures, with participation from Torsten Hoffman, RetailMeNot founders Guy King and Bevan Clark, Rob Murray and Chris Hitchen. Co-founded by CEO Asher Tan and Ryan Zhou, CoinJar operates a platform […]

Coinplug, a Korean Bitcoin startup, raised $400k in funding. Silverblue, Inc., an investment company based in Cupertino, CA and led by KH Joo, made the investment. The company intends to use the funds to develop its platform. Founded in June 2013 and led by Ryan Uhr, CEO, Coinplug is developing a online and mobile Bitcoin […]

According to TechCrunch, BTC China, a Chinese bitcoin trading platform, raised $5m in Series A funding. Backers included Lightspeed China Partners and Lightspeed Venture Partners. The company intends to use the funds to expand operations. Founded in June 2011 by Bobby Lee, Linke Yang, and Xiaoyu Huang, BTC China provides a trading platform for users […]

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 […]

SumUp, a Berlin, Germany-based mobile point-of-sale (mPOS) company, has just expanded its Series B funding round with an investment from BBVA Ventures. The amount of the funding was not disclosed. The company intends to use the proceeds from the investment to prepare for expansion into South America, and to further build out its end-to-end payment […]