Purse

Next generation commerce platform for everyone

San Francisco · E-Commerce · Marketplaces · Bitcoin · Blockchains

Purse is the largest marketplace for Bitcoin shoppers, as well as the most experienced blockchain escrow service. Purse leverages smart contracts, or escrows on the blockchain, to provide liquidity to the $15B Amazon gift card market.

Described as the first killer app for Bitcoin by the Guardian, Purse is one of few use cases that resonates with mainstream users. Smart contracts will power efficiency to other markets including global workplaces, international commerce, and high value auctions.

Andrew Lee

CEO & Co-founder @Purse • Payments geek – 2nd FinTech startup, covered emerging payments @MerrillLynch • Engineer @LG • Alum @Georgia Tech
Kent Liu
CTO
CTO & Co-founder @Purse • Research and Product @IBM @Northrop Grumman • Alum @Cornell @UCLA

Customers

Justin Darcy
Customer
Alliances at Salesforce. Track record meeting aggressive revenue targets in startup and F500 companies. Investor in over 60 startups. FundersClub Angel Panel.
Roger Ver
Customer
Purse has an amazing team that are building the tools that give the masses a reason to use Bitcoin.

Partners

Libra
Partner
“Smart Accounting” for Smart Contracts and the Blockchain Revolution
CoinHako
Partner
Easiest way to buy, sell and secure Bitcoin in Asia.
Blockchain
Partner
The most used Bitcoin platform in the world.

Seed
Nov 27, 2014
$275,000
Read Press
FundersClub
VC Firm · San Francisco
Roger Ver

View all 4 investors from this round
Seed
Apr 1, 2014
$25,000
Read Press
Plug and Play Bitcoin
Incubator · Sunnyvale

Investors from previous rounds

FundersClub

Venture capital online (YC S12)
Justin Darcy

Alliances at Salesforce. Track record meeting aggressive revenue targets in startup and F500 companies. Investor in over 60 startups. FundersClub Angel Panel.
Thomas Hessler
Investor
Dad | CEO | Founder @UFOstart AG @Globumbus @Zanox | Investor & Explorer in Bitcoin, IoT, 3DP, Robotics, Health
Paul Holliman
Investor
Angel investor
@FundersClub Panel
Roger Ver

Purse has an amazing team that are building the tools that give the masses a reason to use Bitcoin.
Scott Robinson

Founder/Director: @Plug and Play FinTech & @Plug and Play Bitcoin; Work @Plug and Play Tech Center ; Previously @Claco & @UCLA

Incubator

Plug and Play Bitcoin

Bitcoin-focused Startup Accelerator Program

Employees

Thomas Hunt
Via
Employee
Problem Solver. Autodidact. Created YouTube shows to promote Bitcoin. Former Community Manager at BTCjam. Co-Founder World Crypto Network, Creator MadBitcoins.
Steven Bower
Employee

Past Employees

Ben Sykes
Via
Advisor – Experience & Product Design
Mentor, product designer & dev-UX hybrid focusing on interaction & behavior design. Worked at @Google, @Cisco, @Microsoft, @American Idol, @Us Marine Corps
Piotr Czaban
Developer
Ashkan Motamedi
Operations Manager
Operations Manager @Purse | Founder, CEO @10Floors | Former Business Development Lead @Rising From Ashes Foundation | M&A Lead @RyanGroup International

Advisors

Roger Ver
Advisor
Purse has an amazing team that are building the tools that give the masses a reason to use Bitcoin.
Bobby Lee
Advisor
CEO and Co-Founder of BTC China
Board Member of Bitcoin Foundation
Past: VP of Technology at Walmart Global E-Commerce China; CTO at BesTV; also at EMC, Yahoo!

Attorneys

Yoichiro Taku

Corporate partner at Wilson Sonsini Goodrich & Rosati. Completed more financings than anyone else at WSGR the last two years. http://www.startupcompanylawyer.com/

Summary:
Purse is the largest marketplace for Bitcoin shoppers, as well as the most experienced blockchain escrow service. Purse leverages smart contracts, or escrows on the blockchain, to provide liquidity to the $15B Amazon gift card market.
See Campaign: https://angel.co/purse?utm_source=trending
Contact Information:
Andrew Lee
Kent Liu

Tags:
AngelList, Seniors, Equity, United States, Consumer, English, California, Industry verticals, Regions, Types of Crowdfunding deal, Language

Source: ICNW

Purse

Founders

Traction

Funding