Bitcoin startup Chain ropes in $30 mln

San Francisco-based Chain, a provider of blockchain services for bitcoin networks to trade and transfer financial assets and smart contracts, announced it has raised a $30 million Series B round of funding. Investors include Visa, Nasdaq, Citi Ventures, Capital One, Fiserv and Orange. The company has now raised about  $44 million in total funding. In addition, former American Express CEO and RRE Ventures founder Jim Robinson III has joined the company board.


Second Opinion

Big financial firms invest $30 mln in block chain tech company, Box reports strong numbers and add anti-money laundering to the compliance issues private equity needs to worry about.

The logo of a Target store is seen in Arvada, Colorado February 24, 2009.  REUTERS/Rick Wilking

PE HUB Second Opinion

In Second Opinion, Target has reached a reported $67 million settlement with Visa over the 2013 data breach, Reddit taps Pinterest’s founding engineer as its first CTO and police are searching for Rosie O’Donnell’s missing daughter.


peHUB First Read

First Read ushers in your morning with news of Hillary Clinton using a personal email account at State Dept., possibly breaking rules, Tinder to charge those 30 and over more for new dating app and Michael Jordan joins the billionaire’s club according to Forbes.

Nimoy, cast member of new film "Star Trek Into Darkness", poses as he arrives at film's premiere in Hollywood

peHUB Second Opinion

In Second Opinion, the Senate passes a bill to avert the Homeland Security shutdown, Tim Cook says Apple Watch will one day replace your car keys and two big losses rock the business and entertainment world–former AIG chief Robert Benmosche passes away at 70 while “Star Trek” icon Leonard Nimoy dies at 83. Live long and prosper!

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Top 10 posts

Trending on peHUB this week: corporate VC, Tiger Global, Carlyle, HarbourVest, Florida, Brazos Private Equity, New York City Comptroller, Vector Capital, Visa, Nyca, Energy Future Holdings, PE jobs, fintech

Branson Backs Square

(Reuters) – Square, the mobile payment start-up that counts former U.S. Treasury Secretary Lawrence Summers on its board of directors, has a new big-name backer: British billionaire Richard Branson. Branson has made a “multimillion” dollar investment in Square, according to a Square spokeswoman who declined to disclose the exact amount. Branson’s investment in Square follows […]

Dorsey’s Square Backed by $141M in VC -CORRECTED

Square Inc., the start-up that lets you process credit card payments with your cell phone, made a lot of noise this summer when it closed a $100 million venture round led by Kleiner Perkins Caufield & Byers. KPCB’s Mary Meeker joined the company’s board, alongside former U.S. Treasury Secretary Lawrence Summers and investor Vinod Khosla. […]

Visa Backs Twitter Co-Founder’s Mobile Payment Startup Square

(Reuters) LOS ANGELES, April 27 – Visa Inc. has thrown its weight behind a mobile payments venture created by Twitter co-founder Jack Dorsey. The credit-card company has made an unspecified investment in Square Inc., a 2-year-old service that helps businesses and consumers pay with credit cards on a mobile phone or Apple Inc. iPhone, both […]

Visa Gets into Games with $190M Purchase of PlaySpan

Extending its reach into in-game commerce, Visa has agreed to buy VC-backed PlaySpan for $190 million. Founded in May 2006, PlaySpan previously raised $46.25 million from more than half a dozen investors, including Easton Hunt Capital Partners, Menlo Ventures, Novel TMT Ventures, Softbank China & India Holdings, Source Ventures, STIC Investments, Vodafone Ventures, ZAD Global […]

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