“Swiss company builder Centralway is opening a new seed and early stage investment arm that will invest $50 million per year into 20 to 30 startups — including both small seed-stage investment and larger Series A rounds. It said its ‘preferred case’ will be to do a smaller investment at the seed stage, followed by larger investment into the same company at a later round. Buttercoin‘s model is to open a local Bitcoin exchange in each country where it operates — starting with Europe (where it’s due to launch in around two months’ time) — and then partner with local money transfer businesses to gain legal compliance in the country.”
http://techcrunch.com/2013/09/18/centralway-fund-buttercoin-seed/
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