Benchmark, Fortress, Ribbit invest in Pantera Bitcoin

Pantera Capital Management, which is now focused exclusively on Bitcoin, said Wednesday that Benchmark, Fortress Investment Group and Ribbit Capital are acquiring an interest in Pantera Bitcoin Partners. Founded in 2003, Pantera Capital previously focused on global macro hedge fund investments.


Benchmark leads $20 mln round for bitcoin wallet startup Xapo

According to a blog post on its site, Xapo has closed $20 million in Series A funding. Benchmark led the round with participation from Fortress Investment Group and Ribbit Capital. Based in Palo Alto, Calif., Xapo is a bitcoin wallet startup. To read the announcement, visit here.

Crossroads Secures Financing From Fortress

Crossroads Systems, a provider of data archive solutions, has secured a $10 million credit facility from an affiliate of Fortress Investment Group. As a condition of the credit agreement, Crossroads will issue to Fortress 1,454,545 warrants to purchase common stock.

Fortress Leads Refinancing of American Internet Services

American Internet Services (AIS), a San Diego-based company that manages the IT infrastructure of its clients, has secured a $43.5 million senior secured credit facility from Fortress Credit Corp., an affiliate of Fortress Investment Group. Terms of the transaction weren’t disclosed.

CPS Renews Credit Facility

Consumer Portfolio Services has renewed its $100 million revolving credit facility with affiliates of Goldman, Sachs & Co and Fortress Investment Group. Under the amended terms, the facility will revolve during the first two years and will amortize during years three and four.

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