Blockchain Startup BitX scores Venturra Capital funding

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Singapore-based BitX today announced an undisclosed amount of additional funding from Venturra Capital, a leading Southeast Asian venture fund. According to Crunchbase BitX has now raised $8.8M in 4 Rounds from 4 Investors.

Venturra will join BitX’s existing investor group that includes The Naspers Group and Barry Silbert’s Digital Currency Group.

BitX is a global cryptocurrency platform, providing highly secure mobile wallets, institutional quality exchanges, and various APIs for merchant and other business integration. BitX customers around the world use the platform for faster and cheaper money transfers, buying online, and trading and storing their Bitcoin.

Venturra Capital is a US$150m Southeast Asia-focused venture fund based out of Jakarta, founded by former Rocket Internet and Monk’s Hill Ventures partner Stefan Jung, Google Indonesia CEO Rudy Ramawy and John Riady, Director of the Lippo Group, a diversified Indonesian super-conglomerate.

Stefan Jung, Venturra Capital co-founder and managing partner said:

“BitX has an exceptional team that combines deep technical expertise and commercial acumen. They have proven they can build innovative products and strong traction in a rapidly emerging industry.”

“We’re very excited to bring Venturra onboard for the next phase of BitX’s growth”, added BitX co-founder and CEO, Marcus Swanepoel. “Venturra is one of those rare funds that doesn’t just talk about adding value, but actually does it, in a consistent, relevant and tangible way. This, combined with their unrivalled expertise and networks in the Southeast Asian market, makes for an exciting partnership that will help solidify our leading position in the region.”

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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