BitPass Secures $11.75 Million in Series B Funding

Wednesday 15 September 2004 18:45 CET | News

BitPass has raised $11.75 million in a Series B financing. Participating investors include Worldview Technology Partners, Steamboat Ventures, RRE Ventures and others.

Existing investors Garage Technology Ventures, Cardinal Venture Capital and Amicus Capital also participated in the round. James Robinson III, former Chairman and CEO of the American Express Company and a General Partner at RRE Ventures, will join BitPass Board of Directors along with Peter Goettner, Venture Partner, Worldview, and John R. Ball, Managing Director, Steamboat. The funding will be used to expand sales and marketing efforts, make additional product enhancements, and build additional customer service infrastructure to support the growing number of BitPass merchant partners and members worldwide. BitPass payment and access control system simplifies the buying and selling of digital content, including music, photography, news, streaming audio and video, and business and government documents.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce