These Philly investors helped Bitcoin platform AlphaPoint close a $1.35M round - Technical.ly Philly

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Oct. 20, 2014 12:31 pm

These Philly investors helped Bitcoin platform AlphaPoint close a $1.35M round

The CEO of AlphaPoint has Philly roots.

"Bitcoins."

(Photo by Flickr user Zach Copley, used under a Creative Commons license)

A handful of Philly investors are behind a $1.35 million raise for New York City-based Bitcoin platform, AlphaPoint. The investors include Benjamin Franklin Technology Partners, DuckDuckGo founder Gabriel Weinberg, Robin Hood Ventures and Invite Media cofounder Scott Becker (a Penn grad now based in NYC).

Here’s the Philly tie: AlphaPoint is run by Vadim Telyatnikov, who cofounded King of Prussia ad inventory company LiftDNA and sold it to OpenX in February 2012. Benjamin Franklin Technology Partners was an investor in LiftDNA.

AlphaPoint helps companies launch digital exchanges and use them to handle more Bitcoin transactions.

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Juliana Reyes

Juliana Reyes became Technical.ly's editorial product lead after reporting on the Philadelphia tech scene for four years. She's co-president of the Asian American Journalists Association Philadelphia chapter and a two-time Philadelphia News Award winner for "Community Reporting of the Year." The Bryn Mawr College grad lives in West Philly, likes her food spicy and wears jumpsuits often.

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