BitPay raises $30M in funding from Index Ventures, Sir Richard Branson

Gigaom

BitPay, the Atlanta-based bitcoin payment processor, claims to have raised more than any other bitcoin startup — $32.7 million — after a new round of venture funding. The company announced today that it raised $30 million in Series A funding led by Index Ventures, which has also invested in companies like Dropbox and Skype, with additional funding from Horizons Ventures, Founders Fund, Felicis Ventures, RRE Ventures, TTV Capital, Sir Richard Branson and AME Cloud Ventures. As the cryptocurrency tries to worm its way into consumer everyday life, BitPay has become one of the largest players in the bitcoin e-commerce space, processing more than $1 million in payments a day from businesses like WordPress, TigerDirect and Branson’s Virgin Galactic.

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