With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins

Cameron and Tyler Winklevoss, the twin Harvard graduates who famously sparred with Mark Zuckerberg over the founding of Facebook and are now working as tech investors through Winklevoss Capital, are part of the growing group of venture capitalists who have taken a keen interest in Bitcoins. Last month, it was revealed that they personally own roughly one percent of the currency, a stake worth the equivalent of some $11 million. And now, the Winklevosses tell TechCrunch they have invested in Bitcoin in another meaningful way -- by leading a funding round for a startup in the space. BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, has raised $1.5 million in a seed funding round led by Winklevoss Capital with the participation of other strategic investors including money services veteran David Azar. The investment was closed this past fall, but the Winklevosses are just now publicly announcing it in the lead-up to the Bitcoin Foundation's 2013 Conference being held in Silicon Valley this weekend.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/JW1jPmicdws/

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