Sign In
NewsRadar

Bitcoin tech company KnCMiner gets $15 million in Series B round

3 February 2015 15:53
By Jerome Mol

Swedish bitcoin technology company KnCMiner has raised a Series B investment of $15 million. The round was led by Accel Partners and included participation from existing investors such as Creandum, GP Bullhound Sidecar and Martin Wattin.

KnCMiner develops chip design and cloud services for blockchain-based applications and crypto currency mining. It started in 2013 by designing and selling bitcoin mining hardware to third-party miners, but has been mining bitcoins directly on an industrial scale since February 2014.

KnCMiner plans to use the new capital to increase its bitcoin mining capacity and continue developing its bitcoin-processing infrastructure. The company has generated over $100 million in revenue since launch.



Related stories
SmartKem secures 3 million from investors including BASF
8.2 million financing round and new CEO for DelfMEMS
GLO appoints former Philips Lighting exec as chairman
9.5 million first round for Energy Micro
Virtensys appoints John Nicholson as chairman


Up
Data


24,583
Tech investments
From our Online Data Service
15,902
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Aug 10€19.0MBusiness applications
Aug 10N/APayment software
Aug 10€1.4MInternet services
Aug 10€0.8MPayment software
Aug 10€3.7MArtificial Intelligence
Aug 10€73.0MBiopharmaceuticals
Aug 9€11.4MWireless applications

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase

Jan 2
Urban Jungle
urban jungle raises 1m in seed funding to build tech-enabled home ...

Aug 17
Komed Health
komed health closes seed financing round

Jul 10
Komed Health
komed health to be supported by nokia and deutsche telekom

May 4
Vivet Therapeutics
vivet therapeutics raises 37.5 million in series a





About usContact usLegal Information
Copyright 1999-2018
Emerging Technology Research Europe Inc. All rights reserved.