BitPay Raises $2 Million of Seed Funding

  • Posted By:
  • 0 Comments... What do you have to say?


Seed: $2,000,000

Founded: 05/2011
Industry: Advertising Networks

More Here

Atlanta, Georgia – BitPay, a leading payment service provider (PSP) specializing in the peer-to-peer virtual currency Bitcoin which provides for instantaneous transactions has raised $2 million of seed funding from Founders Fund with the participation of Heisenberg Capital.

“We were not looking to raise any capital until later this year, but we could not ignore the opportunity to have Founders Fund involved with BitPay,” says Tony Gallippi, co-founder and CEO of BitPay. “There’s no single investment firm we would rather have on our team right now than Founders Fund.

The new funding will be used for product development and for hiring new software engineers for it’s Atlanta office.


Funding Total: $2,000,000

Round Date Amount Pre Amount Post Amount
Seed 05/2013 $2,000,000
Investors: Founders Fund

See all fundings here


See an Error? Contact Us

Comments are closed.

venture capital update google plus page Get updates on Google Plus
venture capital update on facebook Get updates on Facebook
venture capital update on twitter Follow fundings on Twitter
venture capital update on pinterest Visit our Pinterest Page

Subscribe here
TwitterCounter for @longest

Follow here

Venture Capital News


Site Information

    About: I work at Phase One Accelerators and you can find me on and at Brian Longest on LinkedIn.

    Share Us on