BitPay Raises $2 Million of Seed Funding

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BitPay

Seed: $2,000,000

Founded: 05/2011
Industry: Advertising Networks

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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

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

 
Founders

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