BitPass

About

BitPass is an online payment system allowing users to deposit money in an online account and pay for digital contents and services.

Mountain View,California,United States
51 - 100
http://www.bitpass.com

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $1.50M
Industries: Bitcoin,Internet,Payments
Founded date: Dec 1, 2002
Number Of Employee: 51 - 100
Operating Status: Close

Founded in December 2002, BitPass was an online payment system for digital content and services.
The service worked by allowing users to deposit money in an online account, and using that stored value amount to pay for digital content and services. The company had partnerships with high-profile firms like Microsoft, PayPal, the Royal Bank of Scotland and First Data.

For undisclosed reasons, BitPass announced that they were shutting down operations in January 2007, and officially closed on January 26, 2007.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$13.30M

BitPass has raised a total of $13.30M in funding over 2 rounds. Their latest funding was raised on Sep 1, 2004 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Sep 1, 2004	Series B	$11.80M	6	—	—	Detail
Jul 1, 2003	Series A	$1.50M	4	Cardinal Venture Capital Garage Technology Ventures	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

6

BitPass is funded by 6 investors. Amicus Capital and Cardinal Venture Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Amicus Capital	—	Series B
Cardinal Venture Capital	—	Series B
Constantin Partners	—	Series B
Garage Technology Ventures	—	Series B
RRE Ventures	—	Series B
Steamboat Ventures	—	Series B