Australia: FCBF invests in Bitcoin and other crypto-currency related companies

Monday 5 May 2014 00:31 CET | News

The Future Capital Bitcoin Fund (FCBF) has invested USD 30 million into Australias first dedicated Bitcoin investment fund for worldwide companies that are leveraging services based on Bitcoin and other crypto-currencies.

The fund, which is operational from May 2014, is currently accepting payments from investors in AUD, USD, RMB and Bitcoin (BTC), and is also open to receiving expressions of interest from companies interested in applying for investment from the fund.

According to a company statement, cited by, the team has been involved with more than 100 start-up companies and four previous funds, managing and raising more than USD 150 million in investment, growing businesses from USD 0 to USD 100 million in revenue and listing them.

Applicants to the fund will be managed by investment manager Holger Arians, and supported by fund manager Remco Marcelis.

The FCBF Fund is conditionally registered as an Early Stage Venture Capital Limited Partnership (ESVCLP) under the Australian Venture Capital Act 2002, which will provide investors in the FCBF tax free returns, on income and capital account.

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Keywords: Australia, FCBF, Series B funding, investment, Bitcoin, crypto-currency, online payments
Categories: Payments & Commerce
Countries: World
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