30 Sep '16, 7am

[email protected]tures, others invest $1.5 mn in @btcxindia startup @Unocoin | @MumbaiAngels @ahventures

.@BlumeVentures, others invest $1.5 mn in @btcxindia startup @Unocoin | @MumbaiAngels @ahventures

Bitcoin exchange Unocoin has raised $1.5 million (Rs 10 crore) in a pre-Series A funding round led by early-stage investor Blume Ventures. Mumbai Angels, ah! Ventures and international investors such as Digital Currency Group, Boost VC, Bank to the Future and FundersClub also invested in this round, the startup said in a statement. “It’s no secret that usage of bitcoin is picking up rapidly and the concept has seen a warm welcome from freelancers and retailers in India,” said Harshad Lahoti, founder and chief executive of ah!Ventures. “. That’s when Unocoin, a venture backed by a strong team with industry acumen and a rocketing number of users, caught our attention.” The Bengaluru-based startup had earlier raised $250,000 (Rs 1.52 crore) in August 2014 from SecondMarket founder Barry Silbert’s Bitcoin Opportunity Corp. Unocoin was founded in December 2013. It has four co-f...

Full article: http://www.vccircle.com/news/technology/2016/09/30/blume-...

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