Tech Company Financing Transactions
itBit Funding Round
itBit, based in Singapore City, raised $25 million in investment from private investors, Liberty City Ventures and RRE Ventures.
Transaction Overview
Company Name
Announced On
5/11/2015
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to scale its operations as it begins to onboard U.S. clients. The capital will be utilized for investment in further expansion of products and services, as well as hiring across all functions including engineering, compliance, operations, marketing and customer service.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1 Robinson Rd. AIA Tower 17-00
Singapore City, 048542
Singapore
Singapore City, 048542
Singapore
Phone
Undisclosed
Website
Email Address
Overview
We guarantee your bitcoin and virtual currency investments three things: Security, Scalability, and Liquidity. A sophisticated platform architecture, conceived and built for maximum scalability and data security, lies at the heart of the itBit exchange--all backed by 24/7, best-in-class monitoring.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Charles Cascarilla
Chief Executive Officer
Richmond Teo
Chief Operating Officer
Andrew Chang
VP - Operations
Steve Wager
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We do our best to report on all VC transactions involving tech companies. All VC database entries reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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