bitFlyer, a Japan-based Bitcoin exchange, has raised another JPY 510m ($4m) in funding as it continues to try filling the void in Japan left by the MtGox collapse last year. This is bitFlyer"s third and largest funding round to date, bringing total investment to approximately $6.5m. Investors in this round include Mitsubishi UFJ Capital, Dentsu Digital Holdings, QUICK Corp, Mitsui Sumitomo Insurance Venture Capital, and Venture Labo Investment. The company said that its new fund will be used for "strategic investments" including "capital raising, mergers & acquisitions, acquisitions of other companies, and expansion into overseas markets.
bitFlyer, a Japan-based Bitcoin exchange, has raised another JPY 510m ($4m) in funding as it continues to try filling the void in Japan left by the MtGox collapse last year. This is bitFlyer"s third and largest funding round to date, bringing total investment to approximately $6.5m. Investors in this round include Mitsubishi UFJ Capital, Dentsu Digital Holdings, QUICK Corp, Mitsui Sumitomo Insurance Venture Capital, and Venture Labo Investment. bitFlyer plans to use the new funding to build up its security systems.