Bitcoin company River has successfully completed its Series B fundraising effort with $35 million in equity. The round was led by Kingsway Capital, with additional participation from Peter Thiel, Cygni, Goldcrest, and Valor Equity Partners. River offers a range of Bitcoin services, including zero-fee recurring orders, full-reserve custody, mining, and a Bitcoin wallet that supports both on-chain and Lightning Network transactions.
CEO Alex Leishman highlighted the growing interest in Bitcoin driven by business and institutional adoption, emphasizing its importance as a secure path to a stronger and more transparent global economy, particularly in light of recent bank failures and bailouts. Leishman stated that “Adopting Bitcoin with a trusted partner is no longer the speculative choice, but rather the prudent one.”
River has experienced significant growth in demand for its enterprise Lightning API, River Lightning, which enables companies to integrate with the Lightning Network and facilitate instant Bitcoin payments. Notably, El Salvador’s Chivo wallet relies on River Lightning for Lightning transactions. The surge in demand for Lightning transactions, driven by rising on-chain fees, has prompted River to expand its B2B River Lightning segment.
Leishman emphasized River’s commitment to responsible and reliable practices, setting the company apart from others in the crypto industry. He noted that “We’re a mission-driven company with full-reserve Bitcoin custody, and will continue to play our part in moving society towards a brighter economic future powered by Bitcoin.”
River’s success in its Series B fundraising round reflects the growing interest in Bitcoin and its potential to drive a more transparent and secure global economy, with institutional and business adoption continuing to increase.
Who is Peter Thiel
Peter Thiel is an American entrepreneur, venture capitalist, and philanthropist. Born on October 11, 1967, in Frankfurt, Germany, he is known for his involvement in various successful technology companies and his controversial viewpoints on topics such as technology, capitalism, and politics.
Thiel co-founded PayPal, an online payment company, in 1998. The company quickly gained popularity and was acquired by eBay in 2002. Thiel’s role in PayPal’s success brought him significant wealth and recognition in the tech industry.
Following the sale of PayPal, Thiel became an active venture capitalist, investing in numerous startups. He co-founded Founders Fund, a venture capital firm, in 2005, which has invested in companies like Facebook, SpaceX, and Airbnb. Thiel’s investments have often focused on technology and innovation, and he is known for supporting companies that aim to disrupt traditional industries.
Apart from his venture capital activities, Thiel has been involved in various other ventures. In 2004, he made headlines by being the first outside investor in Facebook, acquiring a 10.2% stake in the company for $500,000. This investment turned out to be highly lucrative, as Facebook’s value skyrocketed over the years.
Thiel has also been involved in politics and public discourse. He is known for his libertarian and conservative views, advocating for limited government intervention and individual freedom. Thiel has been a vocal critic of Silicon Valley’s prevailing ideologies and has expressed concerns about issues such as political correctness and the influence of technology on society.
Additionally, Thiel gained attention for his involvement in the Gawker Media lawsuit. In 2016, he funded wrestler Hulk Hogan’s legal battle against Gawker Media, which resulted in a $140 million judgment against the company. The case drew significant media attention and raised debates about privacy, freedom of the press, and the power of wealthy individuals to influence legal outcomes.
Thiel’s activities and viewpoints have made him a polarizing figure in the tech industry and beyond. He continues to be an influential investor and commentator on various issues, leveraging his wealth and influence to shape the future of technology and society.
What is Cygni Capital
Cygni Capital, a San Francisco-based venture capital firm established in 2020, has swiftly emerged as a prominent player in the ever-evolving landscape of technology investments. With a keen focus on artificial intelligence (AI), cryptocurrency, and blockchain, Cygni Capital is at the forefront of fueling groundbreaking innovations and disruptive ideas. As an actively seeking investor, the firm actively engages with cutting-edge startups, positioning itself as a catalyst for technological progress.
Investment Expertise and Focus: Cygni Capital has carved a niche for itself by specializing in three key sectors: artificial intelligence, cryptocurrency, and blockchain. Leveraging their in-depth understanding of these rapidly evolving fields, Cygni Capital identifies and supports visionary startups that harness the potential of AI, cryptocurrency, and blockchain technologies. By actively seeking new investments, the firm aims to partner with trailblazers who are shaping the future of these industries.
Visionary Leadership: Under the visionary leadership of its founding partners, Cygni Capital has cultivated a reputation for its strategic investments and industry insights. By combining their deep knowledge of emerging technologies with their extensive network, the firm’s partners bring a wealth of experience and expertise to the table, providing invaluable guidance to the startups they support.
Engagement Approach: Cygni Capital’s commitment to nurturing and fostering technological advancements goes beyond mere financial investment. By actively engaging with portfolio companies, the firm provides comprehensive support and guidance to help startups thrive. This hands-on approach includes strategic guidance, access to their extensive network of industry experts, and assistance in navigating the complexities of rapidly evolving markets.
Location and Contact Information: Cygni Capital is headquartered at 1374 8th Avenue, San Francisco, California, serving as an ideal hub for engaging with the vibrant tech ecosystem of Silicon Valley. This prime location allows the firm to remain at the forefront of emerging trends and to establish connections with trailblazing startups and industry leaders.
What is Goldcrest
Goldcrest is a premier venture capital firm that has cemented its position as a prominent player in the dynamic world of technology investments. With a proven track record of empowering growth and fostering innovation, Goldcrest has become synonymous with driving transformative change across various industries.
Since its inception, Goldcrest has cultivated a reputation for its astute investment strategies and forward-thinking approach. The firm seeks out visionary entrepreneurs and innovative startups, recognizing their potential to disrupt established markets and revolutionize industries. With a keen eye for emerging trends and technologies, Goldcrest stays ahead of the curve, positioning itself as a trusted partner for those at the forefront of innovation.
Goldcrest’s investment focus spans a wide range of sectors, including but not limited to technology, healthcare, energy, and consumer goods. By leveraging their extensive industry knowledge and strategic insights, the firm identifies promising opportunities and provides the necessary capital and resources to propel these ventures towards success.
What sets Goldcrest apart is its unwavering commitment to fostering long-term partnerships. The firm takes a collaborative approach, working closely with portfolio companies to provide guidance, mentorship, and operational support. Through their vast network of industry experts and advisors, Goldcrest connects startups with invaluable resources, enabling them to scale and reach their full potential.
Headquartered in a prime location, Goldcrest operates at the heart of the financial and technological hub. This strategic positioning allows the firm to stay connected with the pulse of innovation, continuously seeking out new opportunities and establishing relationships with trailblazers in the entrepreneurial ecosystem.
Goldcrest’s success can be attributed to the caliber of its team. Comprising seasoned investors, entrepreneurs, and industry veterans, the firm’s leadership brings a wealth of experience, expertise, and strategic vision to every investment decision. Their hands-on approach and deep understanding of market dynamics ensure that portfolio companies receive the necessary guidance to navigate challenges and maximize growth.
In conclusion, Goldcrest is a preeminent venture capital firm that embraces the spirit of innovation and entrepreneurship. By investing in visionary startups, providing strategic support, and fostering long-term partnerships, Goldcrest remains at the forefront of shaping industries and driving forward progress. As technology continues to evolve, Goldcrest stands poised to make a lasting impact, fueling transformative change and empowering the next generation of disruptors.
What is Valor Equity Partners
Valor Equity Partners, an esteemed venture capital firm, has earned a stellar reputation as a catalyst for growth and innovation. With a steadfast commitment to identifying and nurturing high-potential startups, Valor Equity Partners has emerged as a formidable force within the dynamic landscape of venture capital.
Driven by a relentless pursuit of excellence, Valor Equity Partners has honed its investment strategies to unearth the most promising opportunities across a diverse range of industries. The firm specializes in partnering with visionary entrepreneurs who are reshaping the future across sectors such as technology, consumer goods, healthcare, and more.
Founded on a foundation of trust, Valor Equity Partners places great emphasis on building lasting relationships with its portfolio companies. Beyond financial investment, the firm takes an active approach by providing extensive operational expertise and strategic guidance to help companies thrive. Through a collaborative partnership, Valor Equity Partners leverages its industry networks, global resources, and domain knowledge to unlock potential and propel growth.
Valor Equity Partners’ investment philosophy revolves around identifying disruptive technologies and transformative business models. By seeking out ventures that challenge the status quo and demonstrate exceptional growth potential, the firm plays a pivotal role in shaping the landscape of innovation.
With a team comprised of seasoned professionals, including experienced investors and industry experts, Valor Equity Partners possesses a deep understanding of market dynamics and the entrepreneurial ecosystem. This expertise enables the firm to make informed investment decisions and provide valuable support to portfolio companies.
Headquartered in a prime location, Valor Equity Partners operates at the nexus of innovation and financial prowess. This strategic positioning affords the firm unparalleled access to emerging trends, cutting-edge technologies, and a diverse pool of talent. By forging strategic partnerships and fostering collaboration, Valor Equity Partners cultivates an environment that nurtures breakthrough ideas and drives long-term success.