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Menlo Ventures Leads $40 Million Series B in Bitcoin Firm BitPay
Apr 2, 2018
 

Menlo Ventures Leads $40 Million Series B in Bitcoin Firm BitPay

One of Silicon Valley’s oldest venture capital firms is dipping its toe into the blockchain ecosystem with an investment in cryptocurrency payment processing startup BitPay. The investment, announced on Monday, came as part of a $40 million funding round, the largest in the Atlanta-based company’s nearly seven-year history. It also constituted the first time Menlo has acquired a stake in a cryptocurrency-related startup. The funding round was BitPay’s first since 2014, when it raised $30 million in a round that included Virgin Group founder Richard Branson, AME Cloud Ventures, and Peter Thiel’s Founders Fund. Source: CCN (https://www.ccn.com/menlo-ventures-leads-40-million-bitpay-funding-round/)

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