Bitpay to raise $30 million at $160 million valuation, Index Ventures, Richard Branson and Yahoo cofounder Jerry Yang in
Well the numbers are getting bigger.
(remember, bitpay is the one with li ka shing)
Wonder when will bitpay take doge
We’re hearing that BitPay, a platform that processes payments in bitcoin for merchants, is raising the field’s biggest round yet. The company is raising $30 million on a roughly $160 million valuation in a round led by Index Ventures, with Richard Branson and Yahoo co-founder Jerry Yang participating. BitPay declined to comment.
It’s yet another sign that the bitcoin ecosystem is maturing with big chunks of funding coming from top-tier venture firms. While there have been high-profile collapses like Mt.Gox’s bankruptcy, it feels like every major fund wants at least one bet in the space in case bitcoin does live up to the hype.
Back in December, BitPay said it had processed more than $100 million in transactions last year. They recently scored backing from Hong Kong billionaire Li Ka-Shing through his Horizons Ventures vehicle.