About Bitnet
Bitnet is a company based in San Francisco (United States) founded in 2014 was acquired by Uphold in October 2016.. Bitnet has raised $16 million across 2 funding rounds from investors including Uphold, Highland Capital Partners and Webb Investment Network. Bitnet operates in a competitive market with competitors including Simplex, ACINQ, Helio, CoinPayments and Coinflow, among others.
- Headquarter San Francisco, United States
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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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Software Development Team
29 people
Product Management Team
18 people
Leadership Team
12 people
Senior Team
7 people
Sales and Marketing
6 people
Data Analysis and Operations Team
5 people
Head Team
4 people
Finance and Accounting
4 people
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Funding Insights of Bitnet
Bitnet has successfully raised a total of $16M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.5 million completed in February 2015. 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 — $1.5M
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First Round
First Round
(20 Oct 2014)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2015 | Amount | Series A - Bitnet | Valuation |
investors |
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| Oct, 2014 | Amount | Series A - Bitnet | Valuation | Highland Capital Partners |
| 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 Bitnet
Bitnet has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Uphold, Highland Capital Partners and Webb Investment Network. 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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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital firm investing in the blockchain sector
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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 Bitnet
| 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 - Bitnet
| 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 |
Bitnet Comparisons
Competitors of Bitnet
Bitnet 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 Simplex, ACINQ, Helio, CoinPayments and Coinflow, 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 |
AI-based crypto payments and fraud prevention are provided for businesses.
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| domain | founded_year | HQ Location |
Crypto payment solutions are offered to businesses through API integration.
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| domain | founded_year | HQ Location |
Seamless crypto checkout solutions are provided for merchants.
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| domain | founded_year | HQ Location |
Cryptocurrency payments are facilitated through a merchant gateway.
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| domain | founded_year | HQ Location |
Crypto-to-fiat payment solutions are provided to web3 companies.
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| domain | founded_year | HQ Location |
Financial infrastructure is provided for crypto businesses managing global payments.
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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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Frequently Asked Questions about Bitnet
When was Bitnet founded?
Bitnet was founded in 2014.
Where is Bitnet located?
Bitnet is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Bitnet a funded company?
Bitnet is a funded company, having raised a total of $16M across 2 funding rounds to date. The company's 1st funding round was a Series A of $14.5M, raised on Oct 20, 2014.
What does Bitnet do?
Bitnet provides a bitcoin payment gateway that enables merchants to accept bitcoin and other digital currencies as payment in exchange for goods and services. Building an industrial grade platform to provide a global payment processing service for enterprise-class merchants such as airlines, digital content publishers, retailers and marketplaces to reach consumers anywhere in the world in a cost-effective manner. Bitnet is modelled after the payments platform CyberSource. Merchants that adopt Bitnets service also integrate its application programming interface. Merchants receive their funds in up to five days. Those that elect to receive bitcoin get the currency immediately. Has customers such as CardinalCommerce Corp. Has a second office in Belfast, UK.
Who are the top competitors of Bitnet?
Bitnet's top competitors include Simplex, ACINQ and CoinPayments.
Who are Bitnet's investors?
Bitnet has 11 investors. Key investors include Uphold, Highland Capital Partners, Webb Investment Network, Blockchain Capital, and Commerce Ventures.