Bitnet Technologies

About

Bitnet Technologies is a digital commerce platform that helps enterprise scale merchants to accept bitcoin payments.

San Francisco,California,United States
11 - 50
https://bitnet.io/

Highlights

Details

Last Funding Type: Convertable Note
Last Funding Money Raised: $2.50M
Industries: Bitcoin,Cryptocurrency,E-Commerce,Payments
Founded date: Dec 1, 2013
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Uphold Europe Limited
Also Known As: Bitnet

Bitnet provides a digital commerce platform enabling enterprise-scale merchants to accept bitcoin payments.

Bitnet’s engineering, product, and business development team help in building and managing the world’s largest payment gateway, CyberSource (NASDAQ: CYBS), which was sold to the world’s largest payment network, Visa (NYSE: V), for $2 billion in 2010.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$17M

Bitnet Technologies has raised a total of $17M in funding over 2 rounds. Their latest funding was raised on Oct 20, 2014 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 20, 2014	Series A	$14.50M	11	Highland Capital Partners	—	Detail
Jan 30, 2014	Convertable Note	$2.50M	3	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

1

12

Bitnet Technologies is funded by 12 investors. Highland Capital Partners and Artis Ventures (AV) are the most recent investors.

Investor Name	Lead Investor	Funding Round
Highland Capital Partners	Yes	Series A
Artis Ventures (AV)	—	Series A
Bill McKiernan	—	Series A
Blockchain Capital	—	Series A
Buchanan Investments	—	Series A
Commerce Ventures	—	Series A
Digital Currency Group	—	Series A
James Pallotta	—	Series A
Rakuten	—	Series A
Stephens Investment Management	—	Series A