BitPass is an online payment system allowing users to deposit money in an online account and pay for digital contents and services.
Founded in December 2002, BitPass was an online payment system for digital content and services.The service worked by allowing users to deposit money in an online account, and using that stored value amount to pay for digital content and services. The company had partnerships with high-profile firms like Microsoft, PayPal, the Royal Bank of Scotland and First Data.For undisclosed reasons, BitPass announced that they were shutting down operations in January 2007, and officially closed on January 26, 2007.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Sep 1, 2004 | Series B | $11.80M | 6 | — | — | Detail |
Jul 1, 2003 | Series A | $1.50M | 4 | Cardinal Venture Capital Garage Technology Ventures | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Amicus Capital | — | Series B |
Cardinal Venture Capital | — | Series B |
Constantin Partners | — | Series B |
Garage Technology Ventures | — | Series B |
RRE Ventures | — | Series B |
Steamboat Ventures | — | Series B |
BitPass has acquired 1 organizations. Their most recent acquisition was Yaga, Inc. on Jan 5, 2005. They acquired Yaga, Inc. for 0.
Date
Company Name
|
Industry | Acquisition Type | Price | |
---|---|---|---|---|
Jan 5, 2005
Yaga, Inc.
|
Emerging Markets | acquisition | — | Detail |