SurBTC raises $300K in seed funding

Investing | February 8, 2016 By:

SurBTC has raised $300,000 in seed funding in a round supported by Digital Currency Group, Sauzalito Ventures, and Fernando Barros, founder of Chilean law firm Barros & Errazuriz.

The $300,000 adds to the $100,000 already raised through the Corporación de Fomento de la Producción de Chile (CORFO), a business innovation incubator operated by the Chilean government.

“We are convinced that this is the technology that will finally help millions of South American people, who are still unbanked, to be able to send money to their relatives abroad, buy online or simply get paid in something else other than hard cash,” said SurBTC cofounder and CEO Guillermo Torrealba.

SurBTC is Chile’s first Bitcoin exchange.