Tech Company Financing Transactions
Purse Funding Round
Digital Currency Group and private investors participated in a $1 million funding round for Purse. The round was announced on 12/8/2015.
Transaction Overview
Company Name
Announced On
12/8/2015
Transaction Type
Venture Equity
Amount
$1,000,000
Round
Undisclosed
Investors
Digital Currency Group (Lead Investor)
Proceeds Purpose
The company intends to use the funds to continue to build the platform and expand operations.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1510 Eddy St. 1511
San Francisco, CA 94115
USA
San Francisco, CA 94115
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Purse is the largest marketplace for Bitcoin shoppers, as well as the most experienced blockchain escrow service. Purse leverages smart contracts, or escrows on the blockchain, to provide liquidity to the $15B Amazon gift card market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Lee
Chief Technical Officer
Christopher Jeffrey
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Next: 12/8/2015: Akonni Biosystems venture capital transaction
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Where The Data Comes From
We document all VC transactions involving tech companies. All VC database entries on this site are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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