BitPay Now Top-Funded Bitcoin Startup After Raising $30 Million

There's a new leader in the Bitcoin startup space, at least in terms of funding.

BitPay, a bitcoin payment processor, announced Tuesday that it raised a $30 million Series A round of funding, bringing its total funding to date to $32.7 million. That makes BitPay the top venture funded bitcoin startup to date — a fact the company isn't shy about touting in its release.

"[We] have always felt that bitcoin needed investable companies if bitcoin and BitPay are going to succeed," Stephen Pair, cofounder and CEO of BitPay, told Mashable. That said, Pair says his startup didn't need a ton of capital nor did it set out to raise the biggest round in bitcoin history. Read more...