BitInstant Obtains $1,500,000 Seed Round

  • Feed Type
  • 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