With the support of over 103 investors, Bitreserve, the money service that makes using digital money easy, fast and free, reached its £6M goal and is currently overfunding for the 10.70% equity offered through Venovate Marketplace, a U.S.-based brokerage platform for alternative investing, and London-based crowdfunding platform, Crowdcube. Earlier this week when Bitreserve reached its funding target, the startup became the 100th business to raise investment on Crowdcube in 2014. According to Crowdcube, “Collectively these organisations have raised over £35M (bringing the grand total to over £50M) and will create thousands of new jobs for the British economy.”
As reported in Crowdfund Insider, Bitreserve, a new financial system that makes using digital money secure, seamless and free, aims to set 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.
Other Crowdcube 2014 Highlights cited by Luke Lang in his blog (and covered by Crowdfund Insider!) include over 120,000 investors ( including “30,000 self certified high net worth individuals or sophisticated investors”), the UK Government agreement to invest via Crowdcube (“Crowdcube being selected as the largest partner for the London Co-Investment Fund (LCIF))”, Crowdcube’s Mini-Bond investment product, the 16 minutes to set a new world record when investors collectively invested £1.2m in Crowdcube during July, the new investment crowdfunding regulatory guidelines, UK’s top serial entrepreneurs and established brands such as Estates Direct, Lovespace and easyProperty turn to Crowdcube, Caterham F1 profitable racing campaign and lastly, growing its team from 15 to 45. For more details, please click here. Looking forward to witnessing 2015’s successes!
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