BitInstant Obtains $1,500,000 Seed Round
- Feed Type
- 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
- Venture Investor
Winklevoss Capital Fund - Venture Investor
Investor
