Blockchain Capital related stories
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Kraken inks multi-million dollar deal with SBI to lead Series BSBI Investment reached a multi-million dollar agreement with Kraken, a global bitcoin exchange, to invest in the company and lead its Series B funding round. Exact terms of the deal were not disclosed. Kraken completed a $5 million Series A financing round in March 2014.
- Blockchain Capital closes second venture fund at $13 mln
Blockchain Capital closed its second venture fund at $13 million, surpassing its target of $10 million. The fund has already invested in 23 blockchain technology companies since 2015. Blockchain Capital also partnered with Flight.vc to form an AngelList syndicate focused on bitcoin and blockchain startups.
VC-backed Kraken to buy Canadian bitcoin exchange CavirtexKraken has agreed to buy Cavirtex, a Calgary-based exchange for buying and selling bitcoin in Canadian dollars. No financial terms were disclosed. Kraken, a global bitcoin exchange, said the acquisition of Cavirtex and New York's Coinsetter will set the stage for its "immediate and significant expansion into the North American market." Founded in 2011, Cavirtex claims to be Canada's first bitcoin exchange. It joined with Coinsetter last year. San Francisco-based Kraken has secured funding from several venture capital investors, including Hummingbird Ventures, which led its Series A round in 2014.
- Gem raises $7.1 mln
Gem said Wednesday that it closed a $7.1 million Series A round of funding led by Pelion Venture Partners. Also participating were KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures and more. Gem is a blockchain platform company based in Venice, California.
- Bitcoin startup Chain ropes in $30 mln
San Francisco-based Chain, a provider of blockchain services for bitcoin networks to trade and transfer financial assets and smart contracts, announced it has raised a $30 million Series B round of funding. Investors include Visa, Nasdaq, Citi Ventures, Capital One, Fiserv and Orange. The company has now raised about $44 million in total funding. In addition, former American Express CEO and RRE Ventures founder Jim Robinson III has joined the company board.
- Blockchain Capital collects $7 mln for second venture fund
San Francisco-based Blockchain Capital (formerly known as Crypto Currency Partners) has raised $7 million for its second venture fund. The focus is on bitcoin and blockchain-enabled tech companies. Alson, the firm has appointed Alison Davis as chair of its advisory board.