BitPass

company

About

BitPass is an online payment system allowing users to deposit money in an online account and pay for digital contents and services.

Details

Last Funding Type
Series A
Last Funding Money Raised
$1.50M
Industries
Bitcoin,Internet,Payments
Founded date
Dec 1, 2002
Number Of Employee
51 - 100
Operating Status
Close

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$13.30M
BitPass has raised a total of $13.30M in funding over 2 rounds. Their latest funding was raised on Sep 1, 2004 from a Series B round.
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

Investors

Number of Lead Investors
Number of Investors
2
6
BitPass is funded by 6 investors. Amicus Capital and Cardinal Venture Capital are the most recent investors.
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

Employee Profiles

Number of Employee Profiles
1
BitPass has 1 current employee profiles, including Board member James Robinson
Board member

Acquisition

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