08 Jan '13, 2pm

BitPay to Expand with Funding Round: Bitcoin payment processor BitPay has closed a seed roun... #vc #venturecapital

Bitcoin payment processor BitPay has closed a seed round totaling $510,000. Investors include Shakil Khan , Barry Silbert , Jimmy Furland , Roger Ver , and other tech angel investors. Roger Ver, paid his investment contribution using bitcoins. PRESS RELEASE BitPay, Inc, the world leader in bitcoin payment processing, has taken their first outside investment by closing a seed round totaling $510,000. Investors include Shakil Khan, Barry Silbert, Jimmy Furland, Roger Ver, and other angel investors known for seeking out innovative technology companies. One Investor, Roger Ver, paid his investment contribution using bitcoins. Over the past year, BitPay has seen transaction volume accelerating with average quarter-to-quarter growth of 50% over the past four quarters. The total dollar value of all orders processed by BitPay in 2012 is over $3 million, and all orders were paid us...

Full article: http://www.pehub.com/179901/bitpay-expand-funding-round/

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