Tech Company Financing Transactions

itBit Funding Round

itBit, based in Singapore City, secured $3.3 million from Canaan Partners, RRE Ventures and private investors.

Transaction Overview

Company Name
Announced On
11/12/2013
Transaction Type
Venture Equity
Amount
$3,250,000
Round
Undisclosed
Investors

Canaan Partners (Lead Investor)

RRE Ventures (Lead Investor) (James Robinson)

private investors (Benjamin Davenport)

private investors (Jay Jordan)

Liberty City Ventures

Proceeds Purpose
The company has 13 employees distributed around the world, and plans to invest in expanding its operations and offerings, while getting further regulatory approval.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
1 Robinson Rd. AIA Tower 17-00
Singapore City, 048542
Singapore
Phone
Undisclosed
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
itBit LinkedIn Company Profile
Social Media
itBit Company Twitter Account
Company News
itBit News
Facebook
itBit on Facebook
YouTube
itBit on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Charles Cascarilla
  Charles Cascarilla LinkedIn Profile  Charles Cascarilla Twitter Account  Charles Cascarilla News  Charles Cascarilla on Facebook
Chief Executive Officer
Richmond Teo
  Richmond Teo LinkedIn Profile  Richmond Teo Twitter Account  Richmond Teo News  Richmond Teo on Facebook
Chief Operating Officer
Andrew Chang
  Andrew Chang LinkedIn Profile  Andrew Chang Twitter Account  Andrew Chang News  Andrew Chang on Facebook
VP - Operations
Steve Wager
  Steve Wager LinkedIn Profile  Steve Wager Twitter Account  Steve Wager News  Steve Wager on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/12/2013: Solicore venture capital transaction
Next: 11/12/2013: uBid Holdings venture capital transaction

 

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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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