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Korean bitcoin exchange Korbit raise $400,000 from Valley heavyweights
By Nathan Millard, betech.asia
It has never happened before that a Korean startup has been able to secure early stage funding ($400k in this case) from such a high profile Silicon Valley investor line-up. The news that Korbit has achieved this momentous step heralds the start of a year that has already been billed as having the best potential ever, for Korean startups. While the value of the investment may seem small by Silicon Valley standards, it marks a landmark case for East-West investment, a trend that will accelerate from this point.
Investors in Korbit include prominent bitcoin supporters Tim Draper (DFJ), Naval Ravikant (AngelList), David Lee (SV Angel) and Barry Silbert (Bitcoin Opportunity Fund).
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