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BitPay raises $40 million

By Sudarshana Banerjee

Global blockchain payments provider BitPay has closed a $40 Million extended Series B funding round. Investors in the company include Menlo Ventures, Capital Nine, G Squared, Nimble Ventures and Delta-v Capital.

Individual investments came from Christopher Klauss Family Office and Alvin Liu, co-founder of Tencent. Aquiline Capital Partners led the initial Series B Round.

[Image courtesy: BitPay]

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