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Topic: [2014-08-22] Developer Chain Lines Up $9.5 Million Funding Round (Read 949 times)

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http://blogs.wsj.com/moneybeat/2014/08/20/bitcoin-2-0-developer-chain-lines-up-9-5-million-funding-round/

Cryptocurrency software developer Chain has lined up $9.5 million in funding, in another sign of Silicon Valley’s enthusiasm for “Bitcoin 2.0” projects –those disruptive ideas for using bitcoin-like computer networks to create decentralized, middleman-free businesses.

The funding round is led by Khosla Ventures, whose investment partner Keith Rabois, a cofounder of PayPal Inc., will join Chain’s board. It also includes additional money from Chain’s early backers RRE Ventures, Thrive Capital and SV Angel, as well as first-time contributions from new investors such as Kevin Ryan and bitcoin entrepreneur Barry Silbert.
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