Investment Giants FirstMark Back Bitcoin Company, Coinapult

Coinapult, providers of Bitcoin wallet services, today announced that it has raised 775K dollars in Venture Capital funding. Investors include mainstream venture capital firm FirstMark Capital whose portfolio of 51 companies include the media giants Pinterest, as well as Shopify and Riot Games.


Los Angeles, CA -- (SBWIRE) -- 09/30/2014 -- 'This is a very exciting time for the Bitcoin industry as it approaches a critical mass, and Coinapult is in a very strong position. Their industry expertise, cutting-edge technology and vision for delivering Bitcoin to the masses will catalyse mainstream adoption and capture the emerging global market.' Founder and Managing Director, FirstMark Capital, Lawrence Lenihan

In addition, Coinapult have attracted significant contribtions from well-known figures in the Bitcoin community such as the Bitcoin Opportunity Corp., the people behind some of the most successful Bitcoin payment processors to date, Coinbase, Bitpay & Circle. Their founder Barry Silbert explained his decision:

'Coinapult has a great team, and they think differently. Their focus is on increasing Bitcoin adoption and lowering barriers to entry; theirs will be an important contribution in this emerging economy.'

Coinapult have also gained the support of Roger Ver, the most prolific Bitcoin-related startup investor in the Bitcoin community. Company founders Erik Voorhees and Ira Miller also put their financial weight behind the project.

About Coinapult
Coinapult, headquartered in Panama, has a history of innovating in the Bitcoin payment space. Founded in 2011 they are one of the longest-operating Bitcoin sites and the first to offer services for sending bitcoin via SMS and email. Last month Coinapult launched their new Bitcoin wallet with Locks™ technology. Locks™ solves the problem of Bitcoin volatility by allowing users