Venture Capitalists Still See Promise in Bitcoin Startups

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Over 150 years later the gold rush is striking California again, this time for what some call digital gold, because of its limited supply, Bitcoin.

Venture capitalists still see the promise in some Bitcoin businesses. The startup Vaurum received four million dollars in seed funding from Battery Ventures, Tim Draper, Steve Case and others.

Vaurum is a Bitcoin startup from Palo Alto that enables “banks & brokerages to trade, store and offer bitcoin to their customers” so that they can run their own exchanges. Bitcoin continues to gain credibility, last week, Bloomberg started providing Bitcoin pricing for their 320,000+ global subscribers.

North America is leading the trend for Bitcoin startups and venture capital, having more than 50% of the startups and 75% of venture capital. It should also come as no surprise that 29% of Bitcoin startups are from Silicon Valley. The tech hotbed recently hosted its’ own Bitcoin Job Fair in Sunnyvale this past weekend.

This investment comes the same week Australian venture capitalists raised 30 million dollars Future Capital Bitcoin Fund.

So far Bitcoin startups have raised a total of about 200 million dollars and they are expected to get 300 million dollars in funding this year alone. How much longer will investors yell, “take my bitcoins!”?

[textmarker color=”C24000″]Source[/textmarker] Bloomberg [textmarker color=”C24000″]Source[/textmarker] WSJ

[textmarker color=”C24000″]Source[/textmarker] CoinDesk