About Purse
Purse is a Media & Entertainment company based in San Francisco (United States) founded in 2014. Online marketplace to exchange Bitcoins for gift card value. Purse has raised $1.3 million across 3 funding rounds from investors including FundersClub, Digital Currency Group and DFG. Its focus areas include Internet First Media, Business and Finance, FinTech and Publishers. Its competitors include Decrypt, CoinTelegraph and CoinDesk; 1 of its 3 listed competitors has raised funding.
Company details
Purse was founded in 2014 in San Francisco, United States, within the cryptocurrency and e-commerce sectors. An online platform is operated to match Bitcoin buyers with gift card sellers in a peer-to-peer exchange. Shoppers use Bitcoin for purchases at retailers like Amazon, while sellers convert unused gift card balances. Wallet and escrow services are provided for secure transactions. Over 3,000 users across more than 80 countries are accommodated.
- Total Equity Funding$1.3M (USD)
in 3 rounds
- InvestorsFundersClub
& 3 more
Funding Insights of Purse
Purse has successfully raised a total of $1.3M across 3 strategic funding rounds. 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 $1.3M
- Total Rounds 3
- First Round $300,000
(Nov 2014)
- Investors Count 4
All 3 funding rounds of Purse with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2016 | Seed | – | – | ||
| Dec 2015 | $1M | Seed | – | – | |
| Nov 2014 | $300,000 | Seed | – | – |
4 investors in total: 4 institutional.
Investors in Purse
Purse has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include FundersClub, Digital Currency Group and DFG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain and digital asset startups are invested in by DFG. | dfg.group | Singapore, Singapore | ||
| strongvc.com | ||||
Sector-agnostic incubator focused on blockchain startups | 2015 | dcg.co | Stamford, United States | |
Fundraising platform connects startups with investors for capital and support. | 2012 | fundersclub.com | San Francisco, United States |
Investor details for Purse
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Purse
4 people are tracked at Purse (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Andrew Lee | CEO | Leadership |
Christopher Jeffrey | CTO | Leadership |
Derek Minter | Recruiting/HR/Operations | Team |
Timothy Byrne | Project Manager | Team |
Complete people profiles for Purse
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Purse
3 dated milestones of Purse across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Purse is founded.
- Funding First funding round of $300K.
- Funding Latest funding round, Seed,.
Competitors of Purse
Purse has 3 listed competitors in our database, 1 of them funded. They include Decrypt, CoinTelegraph and CoinDesk.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| decrypt.co | 2012 | Brooklyn, United States | $10M | Online news portal focused on business news | ||
| cointelegraph.com | 2013 | New York, United States | Online platform for blockchain news and more | |||
| coindesk.com | 2013 | New York, United States | Cryptocurrency news and analysis are delivered via an online platform. |
Detailed competitors of Purse
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Purse
The website of Purse (purse.io) receives about 3.8K visits a month.
- Monthly visits3.8K
▼ 9% vs previous month
Websites whose visitors overlap most with Purse. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| coinmama.com | 100% | 75.9K | #417,787 | View details | |
| coinjar.com | 98% | 87.7K | #361,593 | View details | |
| dailydot.com | 67% | #45,286 | View details | ||
| reddit.com | 64% | 4.4B | #9 | View details | |
bitcoin.stackexchange.com | bitcoin.stackexchange.com | 46% | – |
Top companies in DTC Media Innovators
3 companies that operate in the same segment as Purse (DTC Media Innovators) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category news is delivered through an app-based platform. | 2016 | Arlington, Virginia, United States | USD 30 M | 356 | ||
Online platform publishing content focusing on investment | 2011 | Chicago, Illinois, United States | USD 60.4 M | |||
Subscription-based sports media is delivered to local premium audiences. | 2016 | Chicago, Illinois, United States | USD 134.42 M |
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Related news about Purse
Complete news archive for Purse
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- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Purse
Purse was founded in 2014.
Purse is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Purse is a funded company, having raised a total of $1.3M across 3 funding rounds to date. The company's 1st funding round was a Seed of $300K, raised on Nov 2014.
Purse was founded in 2014 in San Francisco, United States, within the cryptocurrency and e-commerce sectors. An online platform is operated to match Bitcoin buyers with gift card sellers in a peer-to-peer exchange. Shoppers use Bitcoin for purchases at retailers like Amazon, while sellers convert unused gift card balances. Wallet and escrow services are provided for secure transactions. Over 3,000 users across more than 80 countries are accommodated.
Purse's top competitors include CoinTelegraph, CoinDesk and Decrypt.
Purse has 4 investors. Key investors include FundersClub, Digital Currency Group, DFG, and Strong Ventures.