Bitnet Technologies

cryptocurrency | blockchain

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FOUNDING YEAR: 2013

LOCATION:

United States

REGION:

California

Last Update:
14 Feb, 2020

Description

Bitnet has been acquired by Uphold in Oct. 2016. Bitnet is an industrial payment management platform to enable large, enterprise-class merchants to accept digital currencies such as bitcoin.

FOCUS

PRODUCTS & SERVICES:

Bitcoin Payments

EXISTING PARTNERSHIPS:

Cardinal Commerce, UATP

PEOPLE

FOUNDERS:

Stephen McNamara, John McDonnell

Board Members and Advisors:

Peter Bell, Bill McKiernan

NUMBER OF EMPLOYEES:

11-50

INVESTORS:

Bitcoin Opportunity Fund, Stephens Investment Management, ARTIS Ventures, Highland Capital Partners, Crypto Currency Partners, James Pallotta, Stuart Peterson, Bill McKiernan, Commerce Ventures, Rakuten, etc.

TRACTION

VALUATION / MARKET CAP:

$60 MM in 2015

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$26.5 Millions

DATE OF LAST FUNDING:

Oct 2014

FUNDING SERIES:

SERIES A

$26.5 Millions Closed: Oct 2014

LISTED:

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