BTCjam reports $1.91 million investment round


XDATA – November 30th 2015
BTCjam raised $1.91 million as part of a fully subscribed non-brokered equity offering. The subscription, which started one month ago, lured six investors. Until this disclosure BTCjam had raised an estimated $1.22 million in unregistered securities via one previous financing round.
BTCjam markets and develops a peer-to-peer Bitcoin lending platform using a proprietary credit score. The company’s disruptive credit model is changing the way borrowers and investors connect, providing a new path to financial freedom for users from more than 200 countries around the world. It promotes lending without borders, where people can borrow and lend bitcoins, without having to worry about banks and other intermediaries. Investors include Foundation Capital, Ribbit Capital, 500 Startups, FundersClub, Bitcoin Investment Trust and Pantera Capital.
The company was registered in 2013 and has its headquarters located in San Francisco CA. BTCjam elected to keep its revenues undisclosed.
The executive team includes Celso Cardoso Pitta.
The board of directors includes Gustavo Reis Guida.

The company has raised an estimated total of $3.13 million via private unregistered security offerings.

BTCjam is registered under the name Ovo Cosmico.

Offering recap
Status: Completed
Company: BTCjam
Industry: Other Technology
Amount offered: $1.91 million
Amount placed: $1.91 million
SEC filing: Source
First sale: 10-29-2015
Data as of: 11-30-2015
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