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BitPay Banks $30 Million Series A Venture Capital

Wednesday, May 14, 2014 5:30:00 AM PDT | VentureDeal

   Atlanta, Georgia  --  Ecommerce technology company BitPay has landed $30 million in its first round of institutional venture capital investment.

BitPay has developed payment gateway technologies that enable developers to have the "fastest, most reliable bitcoin integration on the planet."

Index Ventures (Jan Hammer) led the round which included a large syndicate of venture capital firms and notable individual investors such as Sir Richard Branson.

The company said it would use the investment to expand its service globally and triple its workforce across its software development teams worldwide.

BitPay has previously raised at least $2.5 million in seed stage investment.

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