The first article in a two-part series looking at the trends in venture capital investment in bitcoin.
The startup hopes the investment will push it into the European market – and then the world.
Despite the risk of regulation, VC firms are studying bitcoin for short-term opportunities.
Investment fund CoinSeed announced that it has acquired $5m worth of BitFury’s 55 nanometre bitcoin hardware.
BitAngels, the first international incubator to focus exclusively on bitcoin, has invested $7m in twelve different bitcoin startups.
Tangible Cryptography will launch BitSimple following a successful $600,000 seed round investment, funded completely in bitcoin.
Korbit will receive $400,000 in funding from Silicon Valley investors, with backing from some big names.
Coinsetter has built a bitcoin trading platform to execute orders in "milliseconds", with future plans to allow margin accounts.
Coinbase has managed to secure $25m in series B funding led by Silicon Valley-based venture capital firm Andreessen Horowitz.
Australian bitcoin exchange CoinJar has received A$500,000 in venture funding.