BitGold raises $3.5 mln in Series A round to launch payments platform

Canadian gold exchange platform BitGold Inc recently secured $3.5 million in a Series A financing round. The round, which was completed in late December 2014, was backed by PortVesta Holdings, PowerOne Capital, Soros Brothers Investments and a number of undisclosed financial services professionals. The Toronto-based startup also announced that it plans an early 2015 launch of its online platform, which facilitates global blockchain payments combined with access to gold for savings. Established last year, BitGold previously obtained funds from its co-founders to support development and acquisition of key intellectual property and proof of concept.

5 January 2015•4 mins read
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