31 Oct '13, 8pm

Brightcove Founder Raises $9 Million to Take Bitcoin Mainstream

A year ago, the idea of a Bitcoin startup raising nearly eight figures in funding would have been all but unfathomable. Then again, so would the idea of a well-known tech exec jumping into the Bitcoin space. On Thursday, a new startup called Circle announced raising a $9 million Series A round from big-name investors including Jim Breyer, Accel Partners and General Catalyst Partners. Much of that funding can be chalked up to the pedigree of its founder, Jeremy Allaire, a serial entrepreneur who founded and currently serves as the chairman of Brightcove, an online video platform. See also: These Startups Are Betting Everything on Bitcoin Circle is still very much under wraps, but the plan is to create online services that make it easier for consumers to purchase and use digital currency — particularly Bitcoin — without having to worry about long character strings and public...

Full article: http://mashable.com/2013/10/31/circle-bitcoin-startup/

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