28 Jan '15, 4am

BitFlyer Raises $1.1 Million from First-Time Japanese Bitcoin Investors

BitFlyer Raises $1.1 Million from First-Time Japanese Bitcoin Investors

BitFlyer has closed a fundraising round of 130m JPY ($1.1m), led by Barry Silbert's Bitcoin Opportunity Corp, Recruit Holdings Ltd. subsidiary RSP Fund No. 5 and GMO Venture Partners. This is bitFlyer 's third round of funding , bringing the Japan-based bitcoin services firm's total investment to $2.93m since it launched in early 2014. In a statement, bitFlyer said it will use its new capital to set up overseas offices, improve security, recruit new talent, accelerate service development and carry out marketing and advertising campaigns to promote business growth. When it announced its second funding round in October, CEO Yuzo Kano hinted Singapore may be bitFlyer's first overseas target thanks to its bitcoin-friendly regulatory environment. Participating investors The funding round included at least one familiar name to the bitcoin industry in Barry Silbert's Bitcoin Oppo...

Full article: http://www.coindesk.com/bitflyer-raises-1-1-million-first...

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