BitInstant Obtains $1,500,000 Seed Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7ba7d66a-ce77-46fd-9614-541ece601120&Preview=1 -
Date
5/20/2013 -
Company Name
BitInstant -
Mailing Address
20 W 23rd St New York, NY 10010 -
Company Description
BitInstant is a payment processor for various Bitcoin exchanges and other merchants. Customers of these exchanges and other merchants can easily make a payment to them by using BitInstant, that is an agent and payment processor for those exchanges and other merchants. -
Website
http://www.new.bitinstant.com -
Transaction Type
Venture Equity -
Transaction Amount
$1,500,000 -
Transaction Round
Seed -
Proceeds Purposes
The funding is meant to allow the company to further scale up its staff and product as it angles to become the go-to site for Bitcoin transfers. -
M&A Terms
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Venture Investor
Winklevoss Capital Fund -
Venture Investor
Investor
