11 Apr '13, 2pm

Now Backed By Andreessen & More, OpenCoin Looks To Build A Better Bitcoin - And A Universal

Another day, another Bitcoin-related investment, and further affirmation that VCs are hungry to invest in the ecosystem surrounding the decentralized digital currency. Today, OpenCoin , better known as the developer of open source payment protocol, Ripple , announced that it has raised an undisclosed angel round from Andreessen Horowitz, FF Angel, Lightspeed Venture Parnters, Vast Ventures and Bitcoin Opporunity Fund , SecondMarket founder Barry Silbert’s investment vehicle for Bitcoin-related startups and companies. OpenCoin will use its new capital to expand the open-source code behind Ripple, which, for those unfamiliar, is a virtual currency and payment system that aims to make it easy and affordable for anyone to trade any amount in any currency. Headed by financial services veterans like CEO Chris Larsen, who is also the founder of P2P lending giant Prosper , OpenCoi...

Full article: http://techcrunch.com/2013/04/11/now-backed-by-andreessen...

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thenextweb.com 11 Apr '13, 12pm

OpenCoin has closed an angel round of funding with participation from Andreessen Horowitz, FF Angel IV, Lightspeed Venture...

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thenextweb.com 11 Apr '13, 12pm

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