Virtual Bitcoin incubator Seedcoin claims that the second round of funding is receiving positive feedback from investors and so far it has been able to collect 2,000 BTC. According to the company source this is the second funding round and expected to be more successful than the one that was done in December last year.
The company will also be listed with Havelock Investments, an investment funds for Bitcoin startups. It claims that in its latest funding round the participants are more diverse than ever; for instance, there are seven firms this time around. Out of these, the Bitcoin Transaction Network is important as Seedcoin sees it as a successful attempt to get such companies on board.
The Bitcoin Transaction Network will be providing ATM, wallet and prepaid card services, in addition to transaction processing and exchange facilities. Similarly, Quantave, another party funding Seedcoin will be providing market data to institutional traders from exchanges via an API, offer quantitative analysis and a free trading platform.
Increased Diversity of Business Models and Companies
Seedcoin is extremely satisfied with the results as according to it one thing that stands out about the second round of funding is that it has seen increased diversity of business models and companies. When compared with the last round which didn’t have financing or video news firms, this satisfaction looks justifiable.
According to Hong Kong-based Eddy Travia, co-founder of Seedcoin when she and others started Seedcoin last July, most of the startups contacting her were exchanges, payment processors and wallets. However, now, it looks new companies with diverse background are coming up to land a hand and explore investment opportunities in the digital currency.
She says she is pleased to help these essential elements of the Bitcoin ecosystem infrastructure, now her company is being approached by entrepreneurs not necessarily from a crypto or tech background. So far, the second round of funding has collected 2,000 BTC which will be sold off in four chunks of 500 BTC each, starting on Tuesday, and ending on 22nd June.
The company takes a 10% cut of the funding, and holds back another 10% for follow-up investment in the startups that are participating in the second round of funding. Eddy Travia says that there are many elements to the company’s involvement with the startups as it prefer to confirm and make sure all parties are in agreement before listing.
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