Bitreserve Hits Venovate & Crowdcube to Raise $10M in Equity

Bitreserve, a money service that makes using digital money easy, fast and free, is raising funds through Venovate Marketplace, a U.S.-based brokerage platform for alternative investing, and London-based crowdfunding platform, Crowdcube.

Bitreserve 1Raising funds on Venovate is spurred from the company’s belief that financing should be an accessible and egalitarian process. Funds raised from qualified investors on Venovate is part of the Company’s Series B financing and proceeds from the round will be allocated to hiring and international expansion efforts.

Bitreserve allows members to hold bitcoin in the form of stable, real-world currency — euros, dollars, sterling, yen and yuan — but still spend it as bitcoin. This shields members from bitcoin volatility, allowing them to take advantage of bitcoin’s speed and low-costs, worry free.

As the world’s first fully transparent financial service, Bitreserve will publish a real-time, verifiable proof of solvency, so members always know their value is safe. By raising money on Venovate, Bitreserve can provide a highly accessible investment opportunity and maintain its stringent levels of transparency. The source of all investments (i.e. whether from an individual or institution) will be reflected on the Venovate and Crowdcube platforms.

Halsey MinorFounder and CEO of Bitreserve, Halsey Minor stated, “While this concept is still early, we believe that the new private securities funding models are trending towards right side of history. It supports a future where all investors will have equal rights to participate in the kind of investment opportunities that today are only shown to the wealthy and institutions. Our listing on Venovate wouldn’t be possible without the changes in United States regulation that make it easier for entrepreneurs to present their business ideas to qualified investors.

“The shared importance we place on innovation, accessibility and transparency makes Venovate the perfect partner for this effort. Raising funds via the qualified crowd is our contribution towards the process of innovation financing becoming more egalitarian.”

Bitreserve is a new financial system that makes using digital money secure, seamless and free. The company is setting a new standard for transparency in today’s financial system and is pioneering the digital money movement to build a more egalitarian world. Bitreserve enables members to escape bitcoin volatility by holding bitcoin as stable, real-world money, but still spend their money as bitcoin. Founded by Halsey Minor in 2013, Bitreserve is headquartered in Charleston, South Carolina and has operations in Braga, Shanghai and San Francisco, California.

Bitreserve launched its service to the general public October 30th and is aiming to raise a minimum of $10 million (£6 million) in this second round of financing.

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