BitFury Group launches seed fund


BitFury Group, a bitcoin infrastructure provider based in San Francisco and Amsterdam, has launched BitFury Capital, a seed fund. The focus will be on early-stage funding.

PRESS RELEASE

SAN FRANCISCO & AMSTERDAM–(BUSINESS WIRE)–July 9, 2014–BitFury Group, the leading Bitcoin infrastructure provider, today announced it is launching “BitFury Capital”: a seed investment fund. The fund will leverage BitFury’s leading position in bitcoin and cryptocurrency infrastructure to accelerate other parts of the ecosystem through strategic partnerships, and expansion into adjacent business opportunities.

“We are a trusted partner to our customers, and other contributors to the cryptocurrency ecosystem,” said Valery Vavilov, chief executive officer, BitFury Group. “Our leadership position in cryptocurrency and Bitcoin infrastructure will help accelerate and help grow the significance of other parts in the ecosystem – which in return grows the value of our own core business, and enables us to expand into new opportunities within the industry.”

The fund will be a subsidiary of the BitFury Group, and will focus on seeding early-stage funding together with external partners. It will also have the ability to participate in later-stage rounds by drawing on strategic capital from the BitFury Group. Besides providing seed funding, BitFury Capital will also deliver knowledge and resources from the group to accelerate startups, and create synergies.
Interested startups and partners can reach the BitFury Capital at [email protected]

About BitFury Group
The BitFury Group was founded in 2011, and has offices in San Francisco, CA and Amsterdam, the Netherlands. It is the world’s largest provider of semiconductors, servers and datacenter solutions to the bitcoin and cryptocurrency industry, and one of the largest miners of bitcoin, with computing centers across Finland, Iceland and the Republic of Georgia. For more information on BitFury, please visit: www.bitfury.org.

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