ItBit Nets $25 Million, Launches NYDFS-Approved Bitcoin ExchangeNew York bitcoin exchange itBit has closed $25m in Series A fundraising.
The round drew support from a pool of new and existing sources including RRE Ventures, Liberty City Ventures and investor Jay W Jordan II. Raptor Capital Management chairman James Pallotta also participated in the round.
ItBit further confirmed the addition of three new members to its board of directors: former Federal Deposit Insurance Corporation chairperson Sheila Bair; former New Jersey Senator Bill Bradley; and former Financial Accounting Standards Board (FASB) chairman Robert Herz.
http://www.coindesk.com/itbit-25-million-series-a/
