AlphaPoint, seeking to improve functioning of digital currency exchanges for Bitcoin and others, raises $1.35 million
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A New York-based startup headed by King of Prussia-based LiftDNA (acquired by OpenX) founder Vadim Telyatnikov has received $1.35 million in funding, coming primarily from the Philadelphia venture community.
AlphaPoint provides technology to support digital currency exchanges, with Bitcoin the main currency being traded today.
Scott Becker of Google-acquired Invite Media, Gabriel Weinberg of DuckDuckGo, Robin Hood Ventures, and Ben Franklin Technology Partners are among the investors.
In addition to New York, AlphaPoint has offices in Philadelphia and San Francisco. Joe Ventura is founder and CTO. AlphaPoint seeks to address the "disparity among digital currency exchanges when it comes to usability, credibility and reliability".