According to TechCrunch, Coinbase is seeking to raise $50 million, less than a year after raising $25 million in Series B funding led by Anderson Horowitz. Coinbase's recent round follows closely after funding rounds by other bitcoin startups, including $30 million for Blockchain in October.
5 Bitcoin Startups Raising Funds In The Last 6 Months
Using DataFox, we compiled a watchlist of Bitcoin startups to track for new funding, acquisitions, and other Bitcoin news. Here are five Bitcoin startups that have raised funds in the last 6 months.
Blockchain is a web-based bitcoin platform that makes using bitcoin safe, easy, and secure for consumers and businesses worldwide. Blockchain's goal is to facilitate and foster the bitcoin ecosystem through its APIs and commitment to open source software. Blockchain was founded on August 28, 2011, in London, United Kingdom.
- Total Funding: $30.5 million
- Latest Round: $30.5 million in October 2014
Coinbase makes it easy for the average person and business to use Bitcoin. Coinbase lets consumers create a Bitcoin wallet and start buying and selling Bitcoin instantly by connecting their bank account. Coinbase provides a series of merchant tools that support some of the most highly trafficked sites on the internet.
- Total Funding: $31.7M
- Latest Round: Seeking $50M in Series C funding
Coinsetter is a New York City based bitcoin exchange dedicated to making bitcoin safe and reliable for active users. Operating since 2012, Coinsetter offers a transparent and institutional-class platform with easy-to-reach customer support.
- Total Funding: $3.05 million
- Latest Round: $1.27 million October 2014
Gem (previously BitVault) empowers developers to rapidly build apps and solutions using Bitcoin and cryptocurrency without needing expertse in cryptography, security or the underlying protocols. Gem provides bank-grade security on cryptocurrency for developer apps without ever taking possession of funds.
- Total Funding: $2.1 million
- Latest Round: $2 million in September 2014
Xapo assembled a team of financial services and security experts to build an entirely new bitcoin storage experience. By offering two distinct products – an easy access wallet and a locked-down vault – Xapo offers convenient and secure Bitcoin payments and savings.
- Total Funding: $60 million
- Latest Round: $40 million August 2014