18 Sep '13, 6pm

Centralway Ventures invests $250k in bitcoin startup Buttercoin

Centralway Ventures invests $250k in bitcoin startup Buttercoin

Company builder Centralway is investing $250,000 in bitcoin startup Buttercoin via its new early-stage investment arm Centralway Ventures. The company, which is set to be headquartered in Somerset House in London, will invest $50m each year in around 20 or 30 startup firms at the seed or early stage plus in bigger Series A funding rounds, TechCrunch reports . It said its preference will be to invest in companies early on and then continue investing in the same businesses as they grow. Buttercoin, which was founded earlier this year, is the first company Centralway Ventures is investing in. The company is building a white-labelled federation of bitcoin exchanges around the world. “Our partners from any country can start their own branded bitcoin exchange which will be fast, secure, compliant, highly liquid, and easy to launch,” a Buttercoin spokesperson said. The company ma...

Full article: http://www.coindesk.com/centralway-ventures-invests-250k-...

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