Bitcoin payment processor BitPay has expanded its seed round of funding by adding more angel investors, including Ben Davenport, Trace Mayer, and A-GRade Investments. BitPay recently announced its seed round of funding from a small group of angel investors including Shakil Khan, Barry Silbert, Jimmy Furland and Roger Ver. In February, BitPay moved its offices to the Atlanta Tech Village in the heart of Buckhead’s Financial District.
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Design-focused flash sales site Fab.com has acquired NYC-based FasionStake. Terms of the deal were not released, though the company said that FashionStake founders Vivian Weng and Daniel Gulati will join Fab.com. FashionStake is an online marketplace for independent designers. Fab.com is backed by more than $50 million from investors including Andreessen Horowitz, Menlo Ventures, First Round Capital, Baroda Ventures, SoftTech VC, and A-Grade Investments, an angel fund co-founded by actor Ashton Kutcher and friends Guy Oseary and Ron Burkle.