India’s Unocoin Raises $1.5M To Set National Record

By September 29, 2016Bitcoin Business

Unocoin, a Bangalore based Bitcoin startup, announced today that it has raised $1.5 million in a Pre Series-A round, the highest amount ever raised for a digital currency venture in Indian history. Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here! High Profile Funding Funding came from Indian entities including Blume Ventures, Mumbai Angels and ah! together with international investors such as Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital and FundersClub. Digital Currency Group was founded by leading US bitcoin investor Barry Silbert , while Boost VC is run by Adam Draper, the son of billionaire entrepreneur Tim Draper. Digital Currency Group supports Bitcoin and blockchain companies by leveraging their insights, network, and access to capital with over 80 investments in more than 25 countries. Proud to have them be a part of Boost VC. They just keep growing!!!” Barry Silbert, the company’s founder and CEO said, “Since making our first investment in Unocoin, it has been tremendous to see the company solidify its position as the leading Bitcoin company in India, as well as emerge as one of the fastest growing companies in DCG’s global portfolio of 80 Bitcoin and blockchain companies.” “Unocoin continues to make an enormous impact on the global Bitcoin market and will continue to be a global market leader, added Adam Draper, founder of Boost VC. Proud to have them be a part of Boost VC. They just keep growing!!!” Boost VC was one of the first institutional funds in the world to commit to funding blockchain companies. Unocoin co-founder and CEO, Sathvik Vishwanath commented, “We’re honoured to have this type of support from top investors. We started from my small hometown called Tumkur near Bangalore and our goal from the beginning was to […]

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