18 Sep '13, 3pm

Swiss Company-Builder Centralway Opens $50M Fund, Invests $250k In Bitcoin Whitelabel Exchange Buttercoin

Swiss Company-Builder Centralway Opens $50M Fund, Invests $250k In Bitcoin Whitelabel Exchange Buttercoin

Swiss company builder Centralway is opening a new seed and early stage investment arm that will invest $50 million per year into 20 to 30 startups — including both small seed-stage investment and larger Series A rounds. It said its “preferred case” will be to do a smaller investment at the seed stage, followed by larger investment into the same company at a later round. The newly formed Centralway Ventures, which will be headquartered in London’s Somerset House, is making its first investment in YC- and Google Ventures-backed Buttercoin : a Bitcoin startup that is looking to disrupt the international remittances market by leveraging the decentralised digital cryptocurrency to shrink cross-border transaction costs. Buttercoin ‘s model is to open a local Bitcoin exchange in each country where it operates — starting with India (where it’s due to launch in around two months’ t...

Full article: http://techcrunch.com/2013/09/18/centralway-fund-butterco...

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Centralway Ventures invests $250k in bitcoin startup Buttercoin

Centralway Ventures invests $250k in bitcoin st...

coindesk.com 18 Sep '13, 6pm

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