UK bitcoin payments app secures £11 million seed raise from investors including Alan Howard

UK bitcoin payments app secures £11 million seed raise from investors including Alan Howard
HeadlinesNewsUK bitcoin payments app secures £11 million seed raise from investors including Alan Howard

Share

UK bitcoin payments app secures £11 million seed raise from investors including Alan Howard

The Block3 days ago
Published on February 23, 2021 09:57 GMT+0edited on February 23, 2021 10:01 GMT+0

Share

UK-based bitcoin payments app Bottlepay has closed an £11 million seed round from investors including acclaimed fund manager Alan Howard.

Howard put down roots in the sector back in 2019 when he set up Elwood Asset Management, which manages an equity index focused on crypto and blockchain.

Alongside Howard in Bottlepay’s £11 million raise were past and present Goldman Sachs partners, the venture capital firm FinTech Collective, investment firm NYDIG and tech entrepreneur Phil Doye.

The raise gives Bottlepay a post-money valuation of £51 million. The money will go towards growing the team, as well as expanding the app’s geographical reach.

Bottlepay’s app facilitates instant payments in a range of currencies, including bitcoin, as can be used for payments, donations and tips, according …