About Bitcoin Australia
Bitcoin Australia is a company based in Melbourne (Australia) founded in 2013 was acquired by Independent Reserve in March 2023.. Bitcoin Australia has raised $2.95 million across 2 funding rounds from investors including KuCoin, Independent Reserve and Alium Capital Management. Bitcoin Australia offers products and services including Crypto Exchange Platform, Digital Wallet, Mobile App, and OTC Desk. Bitcoin Australia operates in a competitive market with competitors including CoinMama, LibertyX, Azteco, Expresscoin and Bitsimple, among others.
- Headquarter Melbourne, Australia
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.95 M (USD)
in 2 rounds
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Latest Funding Round
$2.13 M (USD), Series A
Sep 11, 2018
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Investors
KuCoin
& 3 more
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Employee Count
Employee Count
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Acquired by
Independent Reserve
(Mar 23, 2023)
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Products & Services of Bitcoin Australia
Bitcoin Australia offers a comprehensive portfolio of products and services, including Crypto Exchange Platform, Digital Wallet, Mobile App, and OTC Desk. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates buying and selling of cryptocurrencies with secure payment options.
Allows users to store and track cryptocurrency values on mobile and desktop.
Enables easy crypto transactions and wallet management via iOS and Android.
Provides personalized services for large cryptocurrency trades over $50,000.
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Funding Insights of Bitcoin Australia
Bitcoin Australia has successfully raised a total of $2.95M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.13 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.1M
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First Round
First Round
(24 Jul 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series A - Bitcoin Australia | Valuation |
investors |
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| Jul, 2017 | Amount | Series A - Bitcoin Australia | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bitcoin Australia
Bitcoin Australia has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include KuCoin, Independent Reserve and Alium Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Alium Capital Management is focused on technology and innovation investments.
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Founded Year | Domain | Location | |
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Funding and support are provided to blockchain startups by Dominet.
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Cryptocurrencies are bought, sold, and traded via this exchange platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bitcoin Australia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bitcoin Australia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitcoin Australia Comparisons
Competitors of Bitcoin Australia
Bitcoin Australia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CoinMama, LibertyX, Azteco, Expresscoin and Bitsimple, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cryptocurrencies are bought and sold via an online platform.
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| domain | founded_year | HQ Location |
Bitcoin ATMs at retail stores
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| domain | founded_year | HQ Location |
Bitcoin vouchers are sold through cash-based retailer networks.
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Online Bitcoin reseller.
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Direct Bitcoin brokerage.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitcoin Australia
Frequently Asked Questions about Bitcoin Australia
When was Bitcoin Australia founded?
Bitcoin Australia was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Bitcoin Australia located?
Bitcoin Australia is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of Bitcoin Australia?
Adrian Przelozny is the current CEO of Bitcoin Australia.
Is Bitcoin Australia a funded company?
Bitcoin Australia is a funded company, having raised a total of $2.95M across 2 funding rounds to date. The company's 1st funding round was a Series A of $815K, raised on Jul 24, 2017.
What does Bitcoin Australia do?
Bitcoin Australia was founded in 2013 and is headquartered in Melbourne, Australia. Bitcoin buying and selling services are provided through cash deposits at designated locations, with order minimums of 50 AUD, maximums of 2000 AUD, and daily limits of 8000 AUD per person. Funds from Bitcoin sales are transferred directly to Australian bank accounts. A partnership with Dominet Digital investment group supports these cryptocurrency operations in the Australian market.
Who are the top competitors of Bitcoin Australia?
What products or services does Bitcoin Australia offer?
Bitcoin Australia offers Crypto Exchange Platform, Digital Wallet, Mobile App, and OTC Desk.
Who are Bitcoin Australia's investors?
Bitcoin Australia has 4 investors. Key investors include KuCoin, Independent Reserve, Alium Capital Management, and Dominet Venture Partners.